Crude Approaches 96.19 Estimated Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The rally in Crude from the Nov low is corrective (3 waves), further bolstering the longer term bearish argument.
-Price rebounded from the June 2013 low 2 weeks ago. “Shorts at bad prices following the false break of the trendline off of the 2012 and 2 lows could result in a run at 96.19.”
LEVELS: 92.29 93.64 94.36 | 96.19 97.00 98.14
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