Monday, February 22, 2010
Watching Crude
Crude rolled over and is now testing the uder side of the 5m 50sma. So we will look for a short play on a move back to the downside. As we did with Nat Gas last week I'm going to switch to the full Crude Oil future contract going forward. Symbol is CL. I will get the info docs updated later today. I market has had a very chopy start this week so all this plays are going to have to prove to me we are headed in that direction. Crude now peaking over the 50sma so we might not get a setup.