Oil loses supporting trendline and 50 dma (see chart) on the cease fire news from the middle-east. This could trigger an overnight rally. Remember that we have key inflation data Tuesday and Wednesday. Watch NQ 1497.50 20 dma support. Pivot is 1494.50 and weekly pivot is 1501. ES support is 1272/1274.
This entry was posted
on Sunday, August 13, 2006 at 6:43 PM.
