Crude Bounces but Damage is Done
Prepared by Jamie Saettele, CMT
Crude found low today just shy of the 7/30 high. The bounce is encountering intraday pivots from Wednesday at 9316/39. The decline is unfolding in an impulsive manner but don’t try and get cute when trading crude. This market tends to extend quickly. I’m bearish against 9646.
LEVELS: 8690 8896 9085 9339 9508 9646
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