Support becomes resistance and vice versa...
10277, 10309, 10329, 10356, 10430 Resistance on the YM Emini Futures
10228, 10180, 10121, 10066 Supports
Trade smart and trade well!
CL: Anybody swing long oil from the 1/28/2010 update should be thinking about closing it in the 77/78 target area. My thoughts on oil are this: Move back to 77/78 (which we are getting). Then test of 57.50 area with ebbs and flows along the way. The caveat to this is if we get over 78 and hold there is a good chance of making one final high and if this happens targeting the 88 area. My inclination is to short the 77/78 area and play for the CIT. Either way expecting 57.50 area on oil to be tested.
EIA Petroleum today
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