Crude oil 7-29-10

Good morning...selling right here at 78.42

OUT NEAR THE MEDIAN LINE AT 78.20(EXIT WAS 78.15)..PLUS 19 CENTS THERE

5 MIN LOWER PRC BAND IS 77.80-.91!

nEXT KEY SUPPORT AFTER THIS 77.85 AREA(ALREADY HIT) COMES in around 77.68.. resistance at my old 78.42!

Note on the above one min chart the full initial move 77.81 to 78.24 = 1.618 at 78.50.. i may sell there

Will sell 78.50-55 , will buy 77.68 (tho 77.90 may hold)

wow! when ur hot ur hot! ..long from 77.68

Now that was unexpected ..and a little too close for comfort!..my stop is 20 cents! (77.48)

holding for 7796-7797?

one min 1.618=77.80..2.618 77.97? trying to exit around 77.90 or so

a good long term investment