Thursday, June 16, 2011
Crude Oil (CL) Slow Day 6/16
post from yesterday and what they are. Basically we stayed below the purple line which had provided support for the last few weeks of range trading and above the green line which is the 50% projection of the potential down move. We really saw nothing today, a few attempts to go both ways but nothing interesting and we dont think it can stay in this tiny of a range too much longer, expect a breakout one way or the other.