Oil, Gold, Silver Trading: Oil price fell after my indicator signals overbought

Tuesday, June 10, 2008

Oil price fell after my indicator signals overbought

In my previous posting, I mentioned that my indicator had signaled overbought for oil when it was trading at US$136.74. Details here.

Now oil is trading at US$135.72, down US$1.02. This shows that my indicator has been very reliable at tracking the ups and downs of oil price.

Readers may want to consider open a trading platform that trades super mini oil before the next buy signal comes along.

To open the account, click on the "Oil and Gold" logo on the top right hand corner of the website. Choose Standard account in account opening, Mini account can only be used for trading mini forex. Demo account is available.

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