Tuesday, July 15, 2008

Crude Oil Tanks

On a day where everyone is watching Financials, Crude Oil has a drop of $10 intraday, one the largest drops on record. CNBC reports that Large banks are liquidating energy futures positions in order to raise capital and some hedge funds were forced to liquidate positions due to margin calls. Notice the Spike pattern/ or h pattern.


Subscribe via email

Enter your email address:

Delivered by FeedBurner


High Probability Trade. Copyright 2008 All Rights Reserved Revolution Two Church theme by Brian Gardner Converted into Blogger Template by Bloganol dot com