Commodity Technical Analysis: Crude Drops to Lowest Since Mid July
Chart Prepared by Jamie Saettele, CMT
Commodity Observations: Crude completely erased Tuesday’s losses. The emotional nature of the market in recent days is consistent with exhaustion however. Watch 8363 and the 100% extension just above 80 for market reactions.
Commodity Trading Strategy Implications: Nothing right now.
LEVELS: 8073 8209 8363 8550 8740 8919
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