WeeklyTrader
Long

This Ugly Closed Up with a Gap

NYMEX:CL1!   Light Crude Oil Futures
108 0 4
We saw the TBL3 resist was broken finally, even though there was a long tail on the upside.
SO I GUESS price will come down first today, hit the gap around 43.8, and may back up ...
As for the Target, I think TBL@ 45.3 and 46 can both be target ! And 47 is possible, though I like bear.
With this move, Weekly TBL will just close a little higher above last week, which will make short more easily next week or next next week.
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