Crude Channel Support Near 90
Prepared by Jamie Saettele, CMT
Crude’s advance has stalled at the July low but the larger trend should be considered up given the break of the channel that had defined trend since May. Watch for support from former resistance at 8967 as well as the steep trendline. The next bullish objective is 9893.
Trend Strength (M,W,D) – (1), 1, 1
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