there has been historically quite a bit of support or activity around 5.90-6.00 area, which should provide goos support
We're seeing this or have seen this the last 2 sessions
Even if market goes down to 3600, i think that TOL will hold around those levels or 5.80 at worst if theres such a big pullback
***Dont forget, if the world starts to get bearish re the recovery, OIL price will face downward pressure. Some may say that the USD will also, BUT, the past shows that once sentiment changes to negative, the USD and the YEN get stronger as a flight to quality certainty mentality breeds.
Oil may face a short-term pullback and USD get a little stronger, if SENTIMENT towards a recovery gets sour??
Who knows
But TOLL has been waaaaaaay oversold, and i think that it will outperform once the report comes out
TOL Price at posting:
$6.00 Sentiment: LT Buy Disclosure: Held
