I doesn't look long, but I'm suspicious of this down trend here's a crazy prediction, today will be the doji
Support Levels in Line: 101.55 101.11 100.37 100.15 99.54 Daily 20 EMA - 98.86 Prev S becomes R @ 102.36 I had a good short entry @ 103.16 off previous 103.33 becomes R a while ago. I was so tempted to place a sell limit at 103.30, but this thing's so volatile, I though it could fly up 30 more ticks in a nanosecond if that level didn't hold ADD: I'm stepping away fro my desk for a while...
I think these two factors along with the Oklahoma excess surplus are driving this. I think Gaddafi is in trouble as the world slowly seems to be freezing him out. Even Russia which had refrained from being so involved before now seems to be joining the freeze out.
I see no catalyst to go long just yet. big boys cashing out today and start deflation talk? i have S4 at 100.73. either hold here or another flush to the downside.