Excerpt from: Financial Spread Betting Strategies
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| October 03, 2007 | | Placing spread bets on oil prices | Placing spread bets on oil prices should consider that the commodity, though it closed down yesterday, is set rise today in the U.S. Oil prices and financial spread betting strategy should consider that inventory numbers are expected today, and that will have bearing on oil prices. MarketWatch reports on oil prices:
"The main feature on tap for today are the EIA [Energy
Information Administration] numbers," said Edward Meir, an analyst at
MF Global, in a research note.
Given predictions of a
significant decline in crude inventories, "we would be wary about going
short into the numbers," Meir said. | | |
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