Crude Breaks Month Long Consolidation
Prepared by Jamie Saettele, CMT
Crude finally made a move and broke its month long consolidation before finding support just above 10200. I’d like to think that the break in crude is a precursor to a general USD bullish breakout. The next supports are 10120 and 9630. 10360 and 10520/70 are resistance going forward.
Bottom Line (next 5 days) – sideways/lower
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