Tuesday, December 30, 2008

Crude oil and BP

Feb crude is currently at 38.00 and has built up some momentum in its decline.  We need to see the downward momentum ease before getting long.  

The March British Pound is a potential buy for a bounce from 1.4370.  Buy it there with a 70 point stop.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results