Crude Resistance Expected at 9740-9800
Prepared by Jamie Saettele, CMT
The drop below 9497 shifts focus to resistance from September at 9050. The downside is favored against the December high of 10236 and I like shorts on rallies into resistance (resistance is now 9735-9800). Bigger picture, it is worth noting that the slope of the 200 day average is now slightly negative.
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