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Friday, June 6, 2008

Review on my oil trade (Part 6)

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

Current price at US$134.17
Unrealised gain: US$1059
Place a GTC stop at US$130
Initial target level at US$140
1 pt represents US$100

Raises my stop to US$130, and raises my target level to US$140.

When my indicator signals buy ON 4th June, almost every experts are predicting oil price will plunge. Now that oil price rises, experts are saying that oil price should go higher. I trust my proven indicator more.


If you are interested to trade super mini oil contract, click on the "Oil and Gold" advertisement located on the top right hand corner of my blog. Choose Standard account in account opening, Mini account can only be used for trading mini forex. Demo account is available.

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