Wednesday, June 3, 2009

SLB correction

In my last post I stated 56.66, but meant 57.66. I'd say we have broken that level convincingly today, so next support at 55. So to re-state, as far as correctness goes, I would be wrong with a close below 55, but either way, not a great call at this point. For those looking to go long, look for a bounce off 55, as I'm pretty sure that 57.66 was broken(not too late, could correct before close, but I doubt it). I'll provide further insight and a new chart later today or tomorrow.

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