Support becomes resistance and vice versa...
10402, 10430, 10464, 10525 Resistance on the YM Emini Futures
10385, 10337, 10283, 10162 Supports
Trade smart and trade well!
In the 1/24/10 daily chart update I said: "I do not expect the YM to get back over 10566. I will be targeting 10309 - 10430 for swing shorts." The high FTU was 10434 and then we sold nicely down to a low of 10172 Thursday. I have been saying that while I still don't expect it back above 10566 I think the range is probably a little higher to look for swing shorts.
YM: Expecting a move to the higher area 10470 - 10560 I have been wanting. Swing Traders pay attention here.
CL: Still expecting CIT in the 79.70 - 82.70 range. EIA Petroleum today
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