June Dow Jones FuturesDow Jones futures traded above 11,000 for the first time since September of 2008, after Greece was offered a $61 billion rescue package. The Dow Jones posted the third higher close after finding support at the up-sloping median line and 20-day SMA. The long-term upward trend remains intact with a target objective at 11,286, the .618% Fib retracement of the major downward swing that occurred between October 2007 and March 2009.
June Crude Oil Futures Crude zoomed through the ascending median line and closed above the prior swing high of 85.43, posted on January 11, 2010. Having used its energy, Crude pulled back to the support provided by two action-reaction lines and the 20-day sma. This price action has formed a bullish reaction swing, above the median line, and set up a potential upward price move towards the reaction line target objective, currently at 90.00. Buy Crude oil at 8505 stop, with a stop loss at 8405.
You believe in FORKS (not foxes)?
Then LONG these 2 buggers and wait to collect your profits
:D
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