Subscribers and those who follow this blog know that I had been anticipating a CIT in oil in the 84.40 - 82.80 range. I have posted here and elsewhere that the initial target for that move down was 75.
The CL hit 75 this morning. If you are swing short from the 84.40 - 82.80 range take your profits. This NICE move only took 10 trading days to achieve.
As a bonus here are the TraderSmarts Subscriber Numbers for the CL today:
Support becomes resistance and vice versa...
78.92, 78.46, 77.7, 77.32, 76.88, 76.22, 75.32, 74.70, 73.56, 72.02
Trade smart and trade well!
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