February 12th, 2012
Published Daily

June Crude (last: 54.05)

by Rick Ackerman on May 5, 2009 4:40 am GMT

June Crude’s easy move above a midpoint resistance at 51.80 suggests 56.87 is likely over the near term. Bulls can get there any way that suits them, but a “dynamic” trailing stop is suggested as the futures approach the target.  It can be shorted with a stop-loss as tight as 17 cents.



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