Maximus Analysis

Crude continues higher however....

NYMEX:CL1!   Light Crude Oil Futures
111 0 6
Crude has continued its upward march from the 26 dollar lows. It has hit one of our levels here at 46.12 and produced a doji candle. At this time it is safe to say that we should expect some type of pullback of crude. A 20 dollar move is a hefty one and last thing we need is to think that it is going to $60 dollars overnight.

Lets stop snorting like a pig because they get slaughtered and lock in some gains. This can be done by rolling stops or trimming some of the position. We are looking for this uptrend line to hold on pullbacks. However with a clean break with some significant volume we have to re-evaluate.

Always stay prepared for both sides of the coin. Levels for Crude will be posted in the morning..

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