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Short-term swing trade in Crude oil

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,

Otober Crude oil

Otober Crude oil

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.

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