Mini Dow Long Off Previous Support
Crude Oil from the overnight session was bullish. Was looking for the pullback in the inventory report that never really materialized at least to term structure high. The outcome from the report just basically broke out with no clear entry. Later the market returned to the same level of 64.60 and finished the day above 65.60. Go figure.
Mini Dow yesterday produced a very nice rejection long trade at 26125/40 as we recognized it as long term support in our analysis. Today the market in all its fancy made a new high for the day then drops to our level of support to produce +114 ticks.
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