Crude 5 Year Trendline is in the Low 90s
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The line that extends off of the 2008 and 2012 lows is at about 93.25 this week. This line was tested in April. Needless to say, a break below that line would indicate a major trend shift.
Trading Strategy: Flat
LEVELS: 93.65 95.33 96.05 | 97.98 98.64 99.20
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.