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Wednesday, December 17, 2008

The Broker:Recapping Todays Oil Trade

Yesterday we reccommended buying crude oil for today either with call options in the money or futures. Buying at the low is the important thing. An experienced trader knows how to do that. Dont have much experience? Well then the only way to get experience is buy doing it. It may cost sum money to learn but that is how u get experience.
I beleve oil could be good for possibly a $5 rally over the next few weeks or so. Remember we are scalping not position trading. Take the profits when they are there.