Crude Trendline Remains in Play
Prepared by Jamie Saettele, CMT
Crude has reached and slightly exceeded the resistance line that defines the trend from the May high. The structure of the advance is impulsive (5 waves) thus one should expect a dip over the next week or so in order to correct the rally. 8100/35 is support.
Trend Strength (M,W,D) – (1), (1), 0
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