Friday, May 1, 2009

OIL Update #1

On April 23rd, I entered oil after I was impressed by the reversal day on the 21st. Noticing the MACD was improving, I took a position with the expectation that oil had found a new support area. Oil bumped up against its overhead resistance, fell back to support, and now has broken through resistance. I continue to hang on. Stop is below the support line. I'm up 9.7% on the trade.

Big version here.

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