Tuesday, October 18, 2011

Tonight's 5min WTI Futures Chart (USO)

quick update as 86 failed.. retest perhaps coming.. though the ES did see volume pick up as the overnight uptrend was deviated to the downside @ 1192. traded down to 1188

CL 5 min
The 86 level is back in play as a seller is slow and steady... If 86 is broke to the downside a 50c drop could ensue. If 86 holds there could be a quick bounce back up to 86.20

5 min CL