FYI, for the weekly trendline to remain valid they will try to close globex around 8105-10 today. If this doesn't happen then weekly trendline support will be broken if sunday night if cl trades below 8105-10
The part im looking at is they didn't close at the low but .80+ from the low. With the trendline violated cl should breakdown in the following 2weeks. Think back to Thanksgiving
Agree, stop will be below daily trendline sunday night. The way they closed this thing appears they pretend that 8072-74 never got broken. Will close out today if the indexes close at their lows.
Yeeaaa, made enough to cover commision 2day. I was long 20 when it broke the trendline. When that happend I gave back all I made being short.:p
Gonna try a swing long over the weekend/week
So the avg person that has no idea about futures doesn't have to learn the month codes. Kinda scary, I guess they want to make it easy for anyone to throw their money into future contracts