Crude Drops Through Trendline Support
Prepared by Jamie Saettele, CMT
Last week’s failure at the November high and short term trendline break shifts focus to the 12/29 low at 9830 although there is potential support from former congestion just under Monday’s low. 10210/80 is resistance for Tuesday. Additional technical research can be found at DailyFX.com.
Bottom Line – flat
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