4/25/2008

Crude Oil Sale Over

No more idiotic crude oil predictions from me. The beauty of day trading with the trend remains, I don't need to know where crude oil is going, I just follow.

Always a nice day to trade when there is only one direction.
(click on chart for better view)

An American and Iranian skirmish at sea set the price of crude oil up today, however it could not get over $120 a barrel. We shall see if that remains as resistance or if we move back down to the 34 EMA (white line).

No comments: