Tuesday, January 31, 2012

Mid Day Light Sweet Crude Chart

5 min 
Quite the reversal as you can see from 101.29 down to nearly 99.25 which imo is the lower line in the sand.. below .25     . 99 will surely trade..

Worth noting the volume in the 5 minute period where crude failed 99.75 down to the 98.80 area over 13k contracts trades. Fairly high volume and above average going back a few weeks.