Thursday, June 21, 2012

Crude carries on down

There will be plenty of traders around the globe loving this downtrend on Crude Oil - a staple instrument in a typical trading basket of a trend follower.The $80 level is now broken - I'm sure hoping I'll see a similar kind of drop at the petrol pumps, but somehow I doubt it...

Remember, one big trend like this can easily the cover the accumulated small losses created by earlier failed signals. Just need to keep the faith...

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