Sunday, November 13, 2011

DX OIL Starting Nov 14

Dollar last week wicked out holding above support from previous CHOP area and above the buy point. As long as it holds above the .76 area the DX could push higher this week.

Oil pushed up nicely this week and stopped cold right at the Profit Area. Could see one more push to test the $100 level before bouncing back down into a consolidation area.Next Buy point will be a solid close above $102.50 level or Back down in the $90 area above the Chop zone.

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