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Light Crude 05-25

Light Crude 05-25

2010-05-25 14:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 DT-10-05-25-CRUDE

Crude has tested support from a 100% extension and former pivot low (2009). Former support at 7300 may serve as resistance now. The next support area is 6550-6700.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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