Monday, March 9, 2009

Crude oil and the S&P

Crude oil traded up to 48.83 but has since traded back a bit. Now I think it can be bought at 46.50 and look for another mover toward 49.50.

The S&P's early strength makes it a more neutral market around 682.

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