TraderSmarts Subscriber Numbers for the YM, ES, CL & 6E - Friday April 23, 2010

I have posted the TraderSmarts Subscriber Numbers on the blog tonight as I do occasionally. Today marks an end but also a new beginning…

Swan Song. Okay well it is not exactly a swan song, but it is the last TraderSmarts Numbers as we know them. Starting Monday, as many of you know, the TraderSmarts Numbers will be converted to a Premium Subscription Service. It is my desire that everyone who wants to keep getting the TraderSmarts Numbers should be able to do so. If you want to keep getting the TraderSmarts Numbers and have not yet subscribed to the TraderSmarts Premium Service please click the link below and do so now: http://tradersmarts.blogspot.com/p/subscribe.html

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Here are your TraderSmarts Numbers for the YM, ES, CL & 6E for Friday April 23, 2010

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

11192, 11155, 11125, 11071, 11048, 10999, 10958, 10922, 10894

11097 has been Key resistance. A Key inflection point for Friday.

TraderSmarts Numbers for the ES

1215.5, 1212, 1205.5, 1200.25, 1193.75, 1190.75, 1185.75, 1179.5, 1175

TraderSmarts Numbers for the CL

84.84, 84.27, 83.88, 83.45, 82.97, 82.52, 82.06, 81.67, 81.21

TraderSmarts Numbers for the 6E

1.3353, 1.3316, 1.3286*, 1.3259, 1.3188, 1.3165, 1.3123

Trade smart and trade well!

YM: See the chart posted on the blog here and take heed of the caveat emptor.

Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Really interested to see what 10894 does on next test. Mentioned the 11097 Number for Thursday. I expected it not to hold if we tested again. Only problem with that is we tested it after a BIG run up and in the last 5 minutes of trade before the cash close. Usually that is a recipe for a reverse and that was in fact the case today. 11097 is again the big Number for today. How will the week close?

CL: 87.5 was touched on the M contract (high was 87.59) so inline with 87.5 target I have been mentioning. Still expecting a 57.5 eventual test. When to get swing short is the question that needs answering. If we can get the 84.30 area again that may be a great area to try. If we hit the 84.27 TraderSmarts Number on Friday I will most likely initiate a swing short in CL.

6E: The key 1.3286 Number that I have had since March 2nd was violated on the 3rd time (big pic) down Thursday. I would look for that Key Number to be resistance today. The 1.3165 TraderSmarts Number will be the highest odds for a long.