63 too high for qm right now?

Discussion in 'Financial Futures' started by RXIS, Jan 5, 2006.

  1. RXIS


    Anyone else think 63 is a bit high for QM at this point in time? I was going to short it but its at 62.750 and i believe it will spike up first.
  2. Oil is a very trending market.

    If you try to pick tops and bottoms, you will probably get burned.

    A simple MACD crossover on the daily chart should be a good enough signal to short crude.