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Tuesday, December 9, 2008

Oil - Short trade open

Oil prices rebounded from four-year lows and shot above $43 a barrel Monday as OPEC floated the possibility of a "severe" production cut and several countries announced new measures to boost their economies.

Open Long: 1 supermini oil @ 44.27
Stop level: 42.00
Target level: 46.80
(Value of 1 full point is US$100)
If you are interested to trade supermini oil contracts, click here to open account. Choose Pro-Account for account opening.

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