9/2/09 -7:15 am MST -In Monday the afternoon issue of the Traders Market Views Swing Trade report I said there was an opportunity for a short-term swing trade in the October Crude oil. I recommended selling a retest of the 20-day SMA at 69.75. The market reached the sell entry price on a early session rally, before turning and closing sharply lower on Tuesday. Wednesday morning, Crude oil dipped below the target objective–set at the August 17 swing low of 67.42–and closed the short position for a very nice gain. To see thea chart of the Crude oil trade go to www.reversaltracker.com/blog. For move swing trade recommendations go to www.tradersnetwork.com.
