Crude Extends Gains Towards July High
Prepared by Jamie Saettele, CMT
Crude extended Friday’s big gains and price is closing in the top of the most recent range. I’d be wary of a move above 9321 as resistance is posed by the 50% retracement of the decline from 11053 and the underside of the former base (bearish) channel.
LEVELS: 8449 8555 8685 8777 8860 8960