I decided to buy another lot of supermini oil to average down my oil position.
In total I had bought 2 lot supermini oil at 132.72 (average price)
Stop loss level at 127.50
Target level at 142.50
Value of $1 is US$100
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Friday, July 18, 2008
Bought another supermini oil
Oil price fell to 138.38 due to worry of US economic and falling natural gas price according to the media. In my view the real reason is strengthening of USD, which I think its just temporary
I decided to buy another lot of supermini oil to average down my oil position.
In total I had bought 2 lot supermini oil at 132.72 (average price)
Stop loss level at 127.50
Target level at 142.50
Value of $1 is US$100
I decided to buy another lot of supermini oil to average down my oil position.
In total I had bought 2 lot supermini oil at 132.72 (average price)
Stop loss level at 127.50
Target level at 142.50
Value of $1 is US$100
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