Sunday, December 26, 2010

12-26 cycle update for OIL

If you traded based on my last post I hope you stayed nimble.  Gains were fleeting and not nearly as big as expected.  Still there was enough volatility for a couple of quick trades.

Now it appears the commodity oil is set to make a higher trading channel.  It has moved comfortably above $90 a barrel and there is no hint of a sell signal on the OIL chart.

See for yourself:

GL traders, do your own DD

!2-30 midday - CCI issued a sell signal on OIL this morning....

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