Wednesday, May 6, 2009

alright we will tell you this one last time 9:21Pm last look


you see the chart right- we have instructed readers to drag recent chart you can see where oil meets resistance on our current buy channel other indicators such as the RSI have us clearly overbought as well but as Dylan once said "you don't need a weathervane to tell which way the wind blows" Anyway for trading purposes only we have suggested and of course joined in ourselves and sold on  the overnight we some got 56.40 and we currently stand at 56.20
move stop down to 56.40 break even I don't care If we wake up stopped out so be it. We are ahead close to our number for the week and we are trading simply for technical reasons
futures are down slightly and dollar is mixed. It is all about the NFP for the moment
but we are up big and we are risking commissions at this point tomorrow we shall see.