Tuesday, March 27, 2012

5min & hourly Crude Oil Futures Update

my 105.06 trades. pretty close to my 105 target from last night - 


5 min CL
1 hour CL 
After a roller coaster session tuesday CL price continues to mount pressure over 106.70... below 106.70 we could easily see 106.50 down to 105 - my target if 106.50 fails.. if 106.70 does indeed hold a push into 107 and squeeze over could bring 107.50+ converting into 108 - upper channel limit in the 1hour chart above.

pretty simple-