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Friday, November 7, 2008

Bottoming Process Is Formed for Oil

Oil price has started to move upward after plunging to a low of $60.

Bought 1 lot of supermini oil at 61.39
Trailing stop of 200 pips
Target level at 63.77
(Value of $1 point in oil price is US$100)



If you cannot take too much risk in oil trading just like me, you may want to open a platform that trade supermini oil contracts. Value of $1 is US$100. To open account, click here. Choose standard account in account opening.

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