Monday, June 29, 2009

Oil Squeeze

CLQ9 August Light Sweet Crude Oil 60 Minute Intraday:

CLQ9 August Light Sweet Crude Oil Daily:

CL#F Continuous Light Sweet Crude Oil Weekly:
Consolidation, now continuous crude oil makes a new high for 2009.

50day moving average: 66.33 *acting support
100day moving average: 84.30 *2nd level of resistance, also lows from Dec 2008. *Target
200day moving average: 74.62 *1st level of resistance

06/08/09 Energy Market Update - Crude Oil & Natural Gas

Stewart Solaka

Past performance is not indicative of future results. The risk of loss in trading futures and options is substantial and such investing is not suitable for all investors. An investor could lose more than the initial investment.

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