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Thursday, June 5, 2008

Buy signal but oil price is still weak


On 4th June, I bought 1 lot of super mini oil contract at 123.58.

Current price at US$123.18
Unrealised loss: US$40
Place a GTC stop at US$119
Initial target level at US$128
1 pt represents US$100

My indicator has continued to signal buy today, still waiting for rebound.

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