Posted by: Bricolage April 20, 2007
Making Money with Eminitrader
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Emini, I guess our argument regarding india/china demand on the upsurge kinda tanked. Hmm, am thinking of getting rid of it at 2:20. but then I am mightily impressed with your maths... you did have a great entry pricing. And yes, you are bang on with the "preserve monies" practices. Best! -B Crude Rallies Ahead of Nigerian Elections Posted by WSJ.com Staff africa Crude-oil futures rallied, with traders concerned about a disruption to Nigerian oil production as the country readied for the presidential election this weekend against a backdrop of violence and unrest. But prices were still poised to end the week lower following a 2% drop in the previous session on worries over the potential for weaker energy demand out of China. Crude for May delivery was last up $1.01 at $62.84 a barrel on the New York Mercantile Exchange. On Thursday, the contract lost $1.30 to close at its lowest level in more than a week. It’s set to end the week with a more than 1% loss. The expiration of the May contract likely exaggerated the move in crude prices Friday. June crude will become the lead-month contract at the session’s close. It was last up 53 cents at $63.85. –
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