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Crude Tests Short Term Support Line

Crude Tests Short Term Support Line

2011-03-08 15:37:00
Jsaettele,
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60 Minute Bars

eliottWaves_oil_2_body_crude.png, Crude Tests Short Term Support Line

Prepared by Jamie Saettele

Crude is several dollars off of its recent high and testing a short term support line. The next level of interest on the upside 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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