QM (September crude) long 56.625, lower stop to 56.275.
Oil is priced in dollars. The Yuan revaluation should boost oil imports for China. I'm lowering the stop just a little to ride out the noise. QM now trading at 57.40, so we already have a nice cushion.
Oil is priced in dollars. The Yuan revaluation should boost oil imports for China. I'm lowering the stop just a little to ride out the noise. QM now trading at 57.40, so we already have a nice cushion.
This entry was posted
on Thursday, July 21, 2005 at 11:03 PM.
