Crude Support at 101-102
60 Minute Bars
Prepared by Jamie Saettele
The uptrend remains intact as long as price is above 9700. However, the decline from the high does possess impulsive characteristics. 104.19 (former pivot high) is acting as resistance now and a decline from current levels would give scope to formation of a short term head and shoulders top. Short term support is 101-102.
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