Tuesday, May 3, 2011

Trade Update: OIL

OIL seems to be running into resistance at $30.00. It was repelled from here earlier in the month and is retreating from the level this time with the stochastics rolling over as well. I am not saying that the run is over, but we have been in from $25.35 and it's time to move the stops up by a couple of dollars to $29.39.

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