The OIL is maintaining the down trend established in the daily chart from 58.33 (Link). As long as it trades beneath the 8 day EMA we remain short. For now adjust the stop down to 55.39
Buy to cover 50 shares OIL @ 55.39
Link:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=oil&time=8
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