This 60 minute chart shows where we left off after two stops out buys between 69 and 68.75 and so sure we were right we bought with a stop much lower at 68.5 and went to bed
currently it i s69.65 so all is well as oil production increases and nigerian crude "cut backs" look to scale to the Rebels .
Oil has diverged from its trusty indicator the dollar leaving us searching elsewhere for direction. I remain long at 68.5 with a stop adjusted to plus a quarter moved just this morning
oil seemd to be tracking the futures more than anything else at this second
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