Tuesday, March 20, 2012

Tuesday Morning Crude Look

under 107.50 is a zone of air, .50 broke though saw a buyer step back in. firm price action so far. though euro weakness/dollar strength will be the driving force beyond crude today IMO.
A trade over 107.85 or so could convert into 108's and higher if DX can fall off a bit.. always better to have  weak dollar at CL's back.. if your long anyway.

30 min CL 
5 min CL