K ive now added a 4th buy on oil just above the 64.52 area..
(I know i could have got slighty lower if id waited, as its just now dipped to the low 64s, but im getting fedup with this market and missing all the big moves cos of waiting for an entry!)
I added a 4th because of this big rise in the dow after the open (that crap consumer confiedence number not helping at all now though!!), but since lastnight asia rallied over 5% even with the dow down over 200points!
So if we can hold over 150 t 200points gain even on dow today, we could be seeing another few % rise in asia overnight, and that will take oil with it.
Especially the upcoming interest rate cut that not been price dinto oil yet will start softening economic fear, and even though they expectng oversupply in oil number tomorrow even if there is an over supply, theres not really much tradres can do about it to make more money from selling down oil...
since they have had a clear message from opec yesterday saying that ''you put oil price even lower and we gna cut a few million more barrels per day, and then you will really feel that!!''
So gna leave these now with the 67.86 target, and when it hits that il be cashing in £1,332 profit more for the week..
