Small gap up but above yesterday's range so no idea if the gap will be filled or not. The chart still looks missing one more test on the down side at least. Well, market is always right, no matter what I believe, so for now let's just believe what we see here because I see no evidences arguing the push up is over yet...
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/cl is gaping up over yesterday's close of 97.85. usually on a inventory report day this gap will be filled ( usually around the time when the report comes out ) but today may be different. if the report is bullish like yesterdays API report i will play long with buy stop @ report time - target today is 100.74... Good luck all..
btw /cl now has THREE huge gaping gaps all the way down to 95.93.. so once things go wrong it will be a great shorting opp.
Last edited by agnosia on Wed Jul 20, 2011 9:18 am, edited 1 time in total.
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EUR could be a small cup ( shaded circle) ... still defending 1.4060 and futures above 1.4055 which is bullish for Dow also so far as mentioned yesturday.But no clear direction yet