Monday, April 11, 2011

Crude

Crude hit a high of 113.46 and sold off hard forming a bearish engulfing pattern.  There was plenty of resistance ahead- I expected a bit higher move before strong selling.  As it turned out it caught some pressure in the early part of the sell zone.  There's some possible support zones to watch for: 106.75-107.25 and 105.00-105.50.

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