Thursday, March 11, 2010

TraderSmarts Numbers for the YM Emini Futures - Friday March 12, 2010

Support becomes resistance and vice versa...

10547, 10560, 10618 Resistance on the YM Emini Futures

10528, 10502, 10470, 10433, 10373 Supports

Trade smart and trade well!

YM: See the new blog post - An Updated Look at the Daily Chart of the YM

CL: Closed over the midpoint of the79.7 - 82.7 range so as anticipated the upper end of the range was tested. Tested again on Wednesday (got over 82.7 for the first time since back up to this range and to a high of 83.03 and then DUMPED back under NICELY down to a low of 80.81). Spent the majority of Thursday coiling in the middle of the range from Wednesday. Still expecting CIT from this range and still expecting an eventual 57.50 test in CL.

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