I just went long DIG this morning. This is a longer term hold and sell the next time oil spikes up.
Now some of you seasoned traders might being thinking what? Seasonally, oil drops at this time of year. However, the market appears to be doing just the opposite. Remember, when something is supposed to happen and the opposite occurs, it’s time to pay attention.
In my latest video, I look at November oil futures and show you a pivot point that if oil breaks above, we will are going to the next Fibb. retracement level.
More on this topic
(What's this?)
How To Play the Oil Conspiracy Theories
(Investment U, 11/4/09)
Troubles Brewing in Africa's Largest Oil Producer
(When Giants Fall, 3/10/10)
Saudis Want Aid if World Kicks the Oil Habit
(naked capitalism, 10/8/09)
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