Monday, February 8, 2010

TraderSmarts Numbers for the YM Emini Futures – Monday February 8, 2010

Support becomes resistance and vice versa...

9959, 9978, 10068, 10122 Resistance on the YM Emini Futures

9906, 9866, 9846, 9750, 9727 Supports

Trade smart and trade well!

CL: In Friday's update on CL I said Anybody swing short oil from the 77/78 area look to take some off in the 72-70 area and add back in the 75-76 area to better cost basis. I covered another 1/4 of the CL position at 70.70 on Friday leaving me with 1/2 left swing short. I am done touching the trade until I either add back in higher or pair out the rest near the target of 57.50.

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