Crude Falls Apart; June Lows in Focus
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Crude bounced off of the line that extends off of the 2008 and 2012 lows (and through the weeks of the 2009 and 2013 lows) for 5 days before trading to lows today.
-June lows at 92.68 and 91.23 are now in focus. Keep an eye on the line that extends off of the 2012 lows as well.
Trading Strategy: Flat
LEVELS: 90.09 91.23 92.68 | 94.10 95.93 96.95
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