Commodities Trading Forecast June 10, 2010
Light Sweet Crude Oil (CL)
Currency Trading: 74.47
The gap up in the rollover has landed price up near the Daily short bias. Should we break above 75.42 inside a bullish move and there is continued strength then watch for a pullback to see if it gets picked up. A break of our Daily set up would come off the back of several buy side pick ups and covering.
CL 06/10/10
| Time Frame | Trend Analysis | Support/Resistance Zone | Profit Zone |
|---|---|---|---|
| Weekly | Bearish | 90.09 - 103.59 | 5.89 |
| Daily | Bearish | 75.21 - 76.64 | 66.27 |
| Intraday | Bearish | 75.21 - 72.64 | 66.27 |
Leave a Reply
