Thursday, June 9, 2011
Crude Oil (CL) Providing another short opportunity? 6/9
spotted in a previous post, its close and this will provide an ultimate "I'm wrong" line in the sand. Lastly we are showing some continuation divergence in the MACD (shown in light blue) as the oscillator pulls back farther than its previous peak with the price not making a new high. I think this is a good opportunity to try to pick up a few dollars on oil.