According to CFTC data, hedge funds net-long positions on oil fell by 21,537 contracts, or 30 percent, from a week earlier.
All these signal that oil is due for a correction.
But I will stick to my rules. My rule says do not short oil. Click here for my rules.
I'll be waiting patiently for the right timing before placing my buy order.
If you are interested to open a super mini oil trading account, that charges no commission, and has no expiration date for its contract, click here to open.
今天指标没有买进石油的讯号。根据商品期货交易委员会的数据，上周对冲基金的净多头部位少了30 ％左右。这些信号告诉我石油会有调整。
我将坚持我的规则。我的规则说不可以抛石油期货。我会耐心等待下一个买进的讯号。
如果你有兴趣打开一个超级迷你的石油交易帐户，不收费手续费，合同没有到期日，请点击此处打开帐户。
Useful links:
http://basemetal-trading.blogspot.com/
http://investment-news-update.blogspot.com/
http://allaboutoil.blogspot.com/
http://binarytrading.blogspot.com/
6 comments:
Hi,
What are the indicators you are using and displayed in the chart you uploaded?
Regards
Abid
The indicator is Comm Channel.
This indicator is chosen after I had done my back-testing:
http://allaboutoil.blogspot.com/2008/05/back-testing-for-oil.html
What do you think of the super mini oil trading account?
I did opened the account with Forexyard last week. Will upload the funds soon. Let me know how if you get the referral credit. If not, let me know what do I need to do. All the best!!
I meant to ask whether its RSI indicator you have displayed on the chart?
hi applet, did you open forexyard account by click on the logo in my blog?
if yes, then i'll get credit. and thank you very much for your kind thoughts.
did u open the mini account or standard account? mini account can only use to trade forex mini. if you want to trade super mini oil, you need to open a standard account.
and when you buy super mini oil contract, key in 100 units for the oil. that is the minimum size for oil at forexyard.
then $1 movement of oil will represents US$100.
That is not RSI. RSI has not proven to be a profitable indicator based on my back-testing.
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