trading vistaa for the week ending 8th july 2011

marketvistaa

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us crude

buy @ 96.00 TP 96.20 SL 95.30


SELL@ 90.40 TP 90.20 SL 91.10

ENTRY LEVELS VALID TILL CLOSE OF TRADING ON 8TH JULY 2011
MARKETVISTAA
 
Energies for the weekend of July 10, 2011: The stock market's surge, one of the strongest nine day price gains since recovering off the 2009 lows, helped lift oil prices. The support came on the heels of the 2nd bailout for Greece going through despite protests. This is a temporary relief that has had a psyhological impact on the market's outlook for the global economy, however I do not believe that it is going to prevent a global recession which will demolish oil prices in coming months. Use this bounce to develop short plays in oil and RBOB gas. Natural gas remains a buy with long term call plays.

Best trade to all of you!

Jame Mound
 
Energies for the weekend of July 10, 2011: The stock market's surge, one of the strongest nine day price gains since recovering off the 2009 lows, helped lift oil prices. The support came on the heels of the 2nd bailout for Greece going through despite protests. This is a temporary relief that has had a psyhological impact on the market's outlook for the global economy, however I do not believe that it is going to prevent a global recession which will demolish oil prices in coming months. Use this bounce to develop short plays in oil and RBOB gas. Natural gas remains a buy with long term call plays.

Best trade to all of you!

Jame Mound
Welldone
 
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