Crude Trendlines May Come into Play in Next Few Days
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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.” 96.19 couldn’t do anything to slow crude down. At this point, look for a test of trendline resistance that originates at either the August or September high.
LEVELS: 95.04 95.59 96.78 | 98.14 98.93 99.46
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