Sunday, March 18, 2007

CL-Crude Light sometimes more crude than expected

Is this a legit signal? We will know on Monday...

I like the idea of trading Crude Oil as a contrarian as there is so much emotion in the futures market. Oil seems the most relevant commodity to the entire planet. Whether you ride the bus or buy a book from a store, the price of oil will directly affect the price you pay.

That's as good as any reason to chart Oil.

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