Crude Spikes Through Channel and Fails….Again
Prepared by Jamie Saettele, CMT
As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. Interim support is 10310 and focus is on the bottom of the range at 10180.
Bottom Line (next 5 days) – lower
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