Wednesday, August 31, 2011

OIL Trade idea:

Trade idea: Bullish (direct rise). An immediate rise is expected on the market.
Details: The market is upside oriented today. We advise to play this bullish strategy as long as the market does not go below 86.45, as we anticipate a direct rise to 91.95. Buy close to 87.64 to play a rise to 91.95. The invalidation level of this trade idea is at 86.45.

Buy OIL-OCT11
Entry: 87.64
Target: 91.95
Stop loss: 86.45