Excerpt from: Financial Spread Betting Strategies
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| July 10, 2007 | | Oil remains above $72 a barrel | Placing spread bets on oil prices should consider that even though prices are down slightly, they are still over $72 a barrel. U.S. demand is still high, as the summer driving season continues. And even though there is a dearth of news right now, some nervousness remains. MarketWatch reports information that may help your oil prices financial spread betting strategy:
"We are slightly lower on a relatively quiet news cycle, coupled with
the fact that there is some nervousness ahead of the Energy Information
Administration numbers scheduled for release tomorrow, where modest
builds are expected," said Edward Meir, analyst at Man Financial, in a
research report.
"Bulls are perhaps easing up on the throttle as they may be sensing they have company - and lots of it," Meir said.
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