CL Redux

Good morning. Looks like we've got some potential resistance to get through from the 100 EMA on the hourly in the 100.34 area.

2011-06-06_CL.png
 
Wonder if that was a dead cat bounce out of 11 AM EST or if the market found a short term bottom. This is for the indices. As far as CL is concerned it does just seem range bound. But it did make some good moves up and then down and then up.

I've had nothing but trouble with my internet connection this AM which is always a drag. Took me 45 minutes this morning to even get a connection. Oh, well. Onward and hopefully upward.
 
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