Crude Range Tightens
Prepared by Jamie Saettele, CMT
Crude stalled after retracing a bit more than half of the decline from the 2012 high. Daily RSI is at a level consistent with an important top but the structure of weakness from last week’s high doesn’t inspire much confidence in the downside. The decline, in 3 waves, suggests that we could see new highs.
LEVELS: 9060 9170 9230 9473 9521 9782
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