Gusher! Oil, Oil in….

Posted on Oct 16, 2009 by in Letters

OIL.  As many readers have pointed out OIL has broken out of a triangle and we have a clear buy signal.  But frankly we think the oil rush is over.  The probability of oil returning to its former heights are slim and none.  This is now a trading market and the probable move here is six or seven points.  We might buy two units of it and sell one for a trade when that is achieved and keep the other as a trend trade.

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