***Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.
There is some short information for you guys who still keep an eye on oil trading market. You know, the energy market came off hard at the end of the week last week as crude fell from $89 to $81 very fast as the economy still is weak and the equity markets sold off. The Dow is back under 11,000 as turmoil is still rampant. Crude oil, gasoline, and heating oil look to continue lower but I believe $80 will be good support for oil and shorts should think about taking some profit in the low $80s. The market looks to be range bound from $80-$90 here.
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