Oil, Gold, Silver Trading: Shorted 1 lot of Super mini oil at US$136.75

Friday, June 13, 2008

Shorted 1 lot of Super mini oil at US$136.75

My indicator still shows sell signal, and 10 min shows that oil price is trending down slowing with a resistance at US$138.31.

I decided to break my trading rule and shorted 1 lot of Super mini oil at US$136.75. Place a tight stop at US$140 with profit level at US$133.

Value of 1 point for super mini oil contract = US$100.

Readers who may want to consider open a trading platform that trades super mini oil, click here to open account. Choose Standard account in account opening, Mini account can only be used for trading mini forex. Demo account is available.

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