Monday, February 10, 2014

Friday's oil blast and the Sunday / Monday trade so far...

Oil Futures (CL) stopped this AM at 100.55 TS # for the current high of the day. We are now back at 100.05 - 99.92 TS # Zone (this was Friday's Extreme Short - see prior charts). IF we can lose 99.92 and hold under there is potential to test down into HOL FTD. Note that HOL FTD is below today's LOD and below today's Range Long (prior support). 

Friday's CL TS TradePlan Chart for Oil

Today's (Monday) TradePlan Chart for Oil 
with one hour left in pit session...!

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