Wednesday, February 24, 2010

Watching light crude oil

Thanks to aviat72 on the TTW blog who discovered that based on the daily chart of CL (crude light) it seems it is following TD sequentials, so I am watching this for confirmation on when I should cover.

2010-02-24_1337

The –ES looks like this. The last price channel which has proved as a resistance, should also provide support for the upward (market downward) movement.

2010-02-24_1342

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