Wednesday, June 30, 2010

WTI Points

Thinking about the WTI propensity for whipsaw and what a very tough chart it's generated , last week being a very good example.
Take a look at the longer term chart, leaving the Fib retrace points in from the last leg .
You can see how they hit a lot of previously important points.
And speaking of points, how about $75.00 .
WTI has been pivoting around that number for a year now. Way overdue for a little expansion of that window.
Hows the Yen doing?

click to sharpen
Chopping sideways in a shallow consolidation just under the highs, after a settle above the long term break out point.



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