Tuesday, November 25, 2008

Added more USO @ 41.4

25 shares now. About 1g (1/2 the account). My outlook for the market is bearish, and I think oil's gonna follow (aka new lows).

With that said....I do have some reasons for this trade.

#1 Technical support
#2 OPEC meeting this weekend and Dec. for cuts.

As of right now there's absolutely no reason to own oil as there's no DAmand out there ;)

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