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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

...If the dots don't connect, gather more dots until they do...

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Monday, October 03, 2011

Keeping a close watch on Oil...

I'm keeping a close watch on Oil...it is sitting beneath a confluence level of 82.50ish and is presently at near-term support on this Monthly chart...the next major confluence support level is at 70.00ish.