Crude Closing in on 2012-2013 Channel
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Crude dropped for a 5th consecutive day and is down 4 consecutive weeks. Price is at the line that extends off of the 9/30 and 10/23 lows.
-The 6/24 low at 92.68 is in line with the line that extends off of lows going back to Dec 2008.
Trading Strategy: Would be willing to strength into trendline resistance.
LEVELS: 91.63 92.68 93.65 | 96.03 98.74 100.25
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