Crude Reverses Entire Rally in Largest Range Since September
Prepared by Jamie Saettele, CMT
Crude took out all of the early month rally, and mostly during the US session. I wouldn’t touch crude at these levels on either side but bounces into resistance at 82 and 83 would present opportunities to align with the bear trend against 8660 for an eventual test of the October low at 7494.
LEVELS: 7495 7830 8119 8200 8311 8460
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