I got whipsawed out of my crude oil short as the market consolidates. Seeing that the G20 is meeting in Seoul today and tomorrow, not much is happening on this flat Friday. EUR/USD is in a 100 pips range. S&P 500 is in a 5 points range. Maybe something will happen near the close, but I won't be around for it as I have no position in the market anymore. Crude oil is still looking bearish though as it is crawling on its short term support line (Fig. 1). Perhaps my stop was just too tight as I moved it up a couple of times to lock in some profits. Profit is (\$9.40 - \$9.19) * 300 = \$63 - \$9.90 commission = \$53.10 = 0.5% of account.
[caption id="" align="aligncenter" width="570" caption="Crude Oil"][/caption]