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Crude Support at 101

Crude Support at 101

2011-03-30 15:21:00
Jsaettele,
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60 Minute Bars

eliottWaves_oil_2_body_crude.png, Crude Support at 101

Prepared by Jamie Saettele

The uptrend remains intact as long as price is above 9700. Allowing for weakness towards 101 (former 4th wave extreme and Fibonacci extension), favor the upside (again, against 9700) towards the longer term channel resistance and a measured objective in the mid teens.

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