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Crude First 4 Day Win Streak Since April

Crude First 4 Day Win Streak Since April

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_oil_body_crude.png, Crude First 4 Day Win Streak Since April

Prepared by Jamie Saettele, CMT

Crude is at its best level since 5/30. Already over $12 off of the low, there is little reason to expect the rally to stop at this level. Allowing for weakness in a corrective manner, focus is on 9216 (5/29 high) and 9521 (100% extension and 5/9 low). Support is 8856-8759.

LEVELS: 8759 8856 8921 9090 9216 9328

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