Crude at Support but Bearish on Strength
Prepared by Jamie Saettele, CMT
“The decline is unfolding in an impulsive manner.” A 5 wave drop may be complete from the high. The implications are for corrective strength before the next leg lower. Resistance begins at Friday’s high of 9381. I favor selling rallies above that level.
LEVELS: 8690 8896 9085 9381 9450 9640