Crude oil 7-27-10

...Long from 78.45

If we get down there there should be some support in the 7600 area. The LODs on 7/20, 7/21, 7/22, and 7/24 were 7585, 7600, 7620 and 7616 respectively.

shoulda held my long for 77.64 or maybe the air at 77.78.. still gettin used to the volitility! Its like ridin Kumba at Busch Gardens!

It's a widow maker. Natural gas is a widow taker though so there are worse. :-)

Originally posted by koolblue

shoulda held my long for 77.64 or maybe the air at 77.78.. still gettin used to the volitility! Its like ridin Kumba at Busch Gardens!

from bloomberg:Crude oil tumbled from an 11-week high in New York after the Conference Board reported confidence among U.S. consumers declined in July, a sign the lack of jobs will limit the economy’s recovery and energy demand.

and from D.T.'S EXCELLANT WORK O/N THE DAILY NOTES PAGE HERE AT MY PIVOTS!...Fibonacci Retracements and Extensions
4.250 84.73
2.618 82.65
1.618 81.38
1.000 80.60
0.618 80.11
HIGH 79.33
0.618 78.84
0.500 78.70
0.382 78.55
LOW 78.06
0.618 77.28
1.000 76.79
1.618 76.01
2.618 74.74
4.250 72.66... NOTE 1.00 AND 1.618!

singles from today's session up to 7823 and below here between 7688 and 7752. 7688-7734 >>> 7808

YEAH IM WATCHING FOR THAT 78.11-15 ZONE ALSO

7759-7745 >>> 7722

i know.. but i'll have to see the action when we get there!...

thats also the prior low at 11:22 this morning

should work its way higher into the pit close... wow, still numb?!..c ya lat
er!