As I suggested yesterday, waiting to buy QM/CL (oil) at 50 dma turned into a nice trade. Low was 68.25 and if you caught it be aware now of resistance at 71.30 and 72. I would tentatively start shorting 71.30, if stopped, go for 72, 20 dma.
This entry was posted
on Tuesday, May 09, 2006 at 9:03 AM.
