Crude Oil (CL) Daily Feb. 03, 2010
Posted by Hell7 on Wed, 03/02/2010 - 23:23 in
The daily chart of the March CL Crude Oil future shows that today is represented by a perfect doji, the top of which bounced from the 50% retracement of the recent drop.
I'm a bit concerned by the obvious manipulation that was going on today to ensure price didn't break down on the close, but I will be looking for shorts as long as price is below today's high.
click chart for larger view
Note: this analysis is valid for trading on Feb. 4, 2010. A more recent one might be available here
