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Crude Resistance at 10365

Crude Resistance at 10365

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude Resistance at 10365

Prepared by Jamie Saettele, CMT

Crude’s rally failed at the early month range and yesterday’s advance was completely retraced. The stage is set for a strong decline into December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Resistance is 10365

Bottom Line (next 5 days) – lower

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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