Support becomes resistance and vice versa…
10194, 10221, 10253, 10277, 10309, 10329, 10356 Resistance on the YM Emini Futures
10146, 10121, 10066 Supports
Trade smart and trade well!
This following was my note on oil from yesterday - Wednesday February 3, 2010:
"CL: Anybody swing long oil from the 1/28/2010 update should be thinking about closing it in the 77/78 target area. My thoughts on oil are this: Move back to 77/78 (which we are getting). Then test of 57.50 area with ebbs and flows along the way. The caveat to this is if we get over 78 and hold there is a good chance of making one final high and if this happens targeting the 88 area. My inclination is to short the 77/78 area and play for the CIT. Either way expecting 57.50 area on oil to be tested."
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