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Monday, June 1, 2009

Oil Update

Oil is pretty hot right now and I was lucky enough to enter into DXO at the beginning of May...oil has doubled since its bottom earlier this year and it rose 30% in May alone. I'm still in the trade and I have a profit target for DXO set at $8.75, still a ways away, but I'll be trailing a stop below support levels just in case it doesn't hit my target. Here's an updated chart:The world markets are rallying today and America seems to be on board as well so let's go make a little money.

TLT

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