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Light Crude Technicals for July 21st

Light Crude Technicals for July 21st

2010-07-21 14:36:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 DT-10-07-21-CRUDE

Crude has traded sideways for the past several weeks and I cannot yet rule out a move above 7910 (September). Price ideally stays below the April and May highs as the drop below the December low in May brought an end to the series of higher lows.

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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