Wednesday, October 26, 2011

5 min look at crude over the last 3 Days (USO)

Chart update for CL. notice the yellow dotted line i mentioned as support.. it held solid.. and rose over 1.2 points above.


large moves from the mid 80's up to the mid 90's and back to 90. notice the yellow dotted line as support. OIL is still leading equities. though correlation break down could be coming soon.
5 min CL