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13-11-2008 Autonomy Update |
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Written by Ben
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Thursday, 13 November 2008 |
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Quick update on my ongoing autonomy trade, the price seemed to be finding support and around the 880 level so I increased by long position at 881 by around 2/3rds. The price headed back up to around 910 this morning putting me nicely into profit but is at time of writing back around £8.74, annoying that it has slipped back but very glad I bought at 880 becaue othewise my order would have been triggered at £9.00 in this mornings spike.
Apologies for the quality of writing, blame scott....he bought that last round.
Update (14:00) - Crude Oil
Watching with interest as oil approaches the $50 a barrel mark, not only for the phsycological factors, a round number and exactly half of the much touted $100 a barrel milestone, also because it was where oil hit it's low in January 2007 before beggining its long rise to well over $130 a barrel.
 Oil going back to early 2006. The black line at the bottom is $50 a barrel:
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Last Updated ( Thursday, 13 November 2008 )
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