Oil, Gold, Silver Trading: My indicator shows that oil has further downside

Thursday, June 12, 2008

My indicator shows that oil has further downside

My indicator continues to show that oil has more downside, and indeed oil price has been trending down slowly.

You can place a trade to short super mini oil when it reaches US$137 then place a stop at US$140 which is the resistance of the oil chart OR you can wait for the next buy signal. Value of 1 point equals to US$100 for super mini oil contract.

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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