Tuesday, April 3, 2007

ETF update for Wednesday April 4

USO, United States oil fund ETF, has pulled back to it's 8 period moving average. Will be looking for an entry around 53.

Went long SLV at 133.80 on break of wedge from daily 200 moving average support. Stop loss is at 131.93.

Still long EEM from 116.47. Price hit resistance around 119.36, looking to sell tomorrow if price stalls at current levels.


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