Monday, April 23, 2012

Monday Evening Crude Chart - inverse H&S - 102 head

Following today's wild range and failure of 103.20 alluding to 102.82 crude is back to the 103.20 scene of the crime.. Risk on was the theme into the close. If CL can take out resistance 104 easy target for tonight. we covered the down and up move extensively on the twitter alternative of trade for 

5 min CL .. Easy to see inverse H&S
30 min CL .. notice the bullish move off the 102 level "V pinch"