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Crude Support at 10300

Crude Support at 10300

2011-03-07 15:30:00
Jsaettele,
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60 Minute Bars

eliottWaves_oil_2_body_crude.png, Crude Support at 10300

Prepared by Jamie Saettele

Crude continues to advance and price has exceeded the August 2007 low (103.77). The next level of interest is the August 2007 high at 113.75, which is just below the measured objective of 116.60. Near term support comes in at 103.00.

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