US Light Crude

This broke out of the symmetrical triangle a few days ago and then hit the main trend line for a bounce. Im hoping that this will drop soon due to the symmetrical triangle breakout.
If this test the triangle from below its worth the short.



It will be nice to have low petrol prices at the pumps again
ohhhh thats if the government lower there taxes . Everyones very slow in bringing the price down at the pumps but fast to rise it. Lovely world we live in.

I have taken a small position on this at $86.00 with my stop at(85.30)below previous low of $85.36,
The plan is that either the trend line, 76.4% fib or previous low will provide support and a bounce.

dl.dropbox.com/u/43650856/US%20Light%20C...%20-%206th%20Dec.htm