Crude Oild Sold at 100.3 $ one contract

[jdkaluva]

Hi Friends,

I have sold Crude oil at 100.3$s Yestarday (1st October 2008). Its good now and it is at 97.24$s. What should I do Can I hold for some time. What is the present view for Crude Oil. If anyone knows Support and Resistance levels it will be good. Thanks in Advance.

Jagadish

 

[yuapanda]

Umm...shouldn't you have done your research *before* you did the trade?

 

[Hoggums]

Close the trade.

You obviously have no clue what you are doing.

 

[ian]

Hi Friends,

I have sold Crude oil at 100.3$s Yestarday (1st October 2008). Its good now and it is at 97.24$s. What should I do Can I hold for some time. What is the present view for Crude Oil. If anyone knows Support and Resistance levels it will be good. Thanks in Advance.

Jagadish

The $96 area seems to be a logical profit/stop at the moment although an overnight gap up might wipe your profits - be carefull.

 

[jdkaluva]

Hello,

I am in best off on crude and sold one more crude lot at 94$.

Jagadish

 

[naked shorts]

Hello,

I am in best off on crude and sold one more crude lot at 94$.

Jagadish

Looks like you would have made a killing. Quick write a book!