Crude Dips Continue to be Bought
Prepared by Jamie Saettele, CMT
The 10/15 low is viewed as the latest pivot so respect potential for a return to 9400 and perhaps the 61.8% retracement of the decline from 10040 at 9553. However, new longs at the top of the range (current level) aren’t wise given current range conditions. I don’t see a trade here.
LEVELS: 8795 8976 9133 9363 9450 9553
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.