As a bonus this morning I have posted the subscriber numbers for the YM ES and CL to the blog:
NFP today.
A few weeks ago I asked if people would prefer the CL or 6E to the GC. The response was pretty even for all three contracts. I think what I am going to do, for now, is choose the third contract at my discretion on a day by day basis. Today we will focus on the CL. I have two targets on it for this current move up that I tweeted last week, 82.80 minimum and then 84.40.
My 82.80 initial target of this move up in CL was hit Wednesday. Looking at the 84.4 - 82.8 area for a potential CIT on the daily chart.
Move up Monday and then flatline. Market on hold all week until NFP today. As stated since Monday I am not believing this move up. Would not be surprised to see Monday's move erased. Market is still in the 10625 - 10313 key range that I have mentioned since the October look at the daily chart. If we start closing over 10625 I will sit up and take notice.
Support becomes resistance and vice versa...
TraderSmarts Numbers for the YM
10666, 10622, 10579, 10531, 10490, 10437, 10412, 10389, 10363
TraderSmarts Numbers for the ES
1142.5, 1140.5, 1138.75, 1134.5, 1129, 1122.5, 1121.25, 1118.75, 1117.25
Obviously 1125 is support - I don't see it holding on next test and see a void
TraderSmarts Numbers for the CL
84.4*, 83.15, 82.80*, 82.56, 81.41, 80.66, 79.31, 78.58
Looking at the 84.4 - 82.8 range for a possible CIT on the daily
Trade smart and trade well!
Please also see the blog post 1/1/2010 An Updated Look at the Daily Chart of the YM
No comments:
Post a Comment