Tuesday, May 4, 2010

CL UPDATE..NEXT MOVE




CL has been overshot to $87.00 and it violated the old channel, also created a new channel (yellow line)

My estimation is while CL may hold at $82.50 or go down further breaching the green channel. Actually I gave up playing CL direction due to limited fund but maybe it will be useful to other traders.

It's a little something what I learnt from trading is : We should have "IF" scenario. Then the CL's next stop is "IF"...

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