Crude Showing Signs of Rolling Over
Prepared by Jamie Saettele, CMT
The larger trend should be considered up as long as price is above 10378 but action in March suggests formation of a top. The month to date high was on the first day of the month (bearish) and the 20 day average is rolling over. 10378 is reinforced by the trendline that extends off of the October and February lows.
Bottom Line (next 5 days) – ?
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