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Crude Retraces Dip; Nears Trendline

Crude Retraces Dip; Nears Trendline

2014-01-28 20:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily

eliottWaves_oil_body_Picture_2.png, Crude Retraces Dip; Nears Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

- At this point, look for at least a test of trendline resistance that originates at either the August or September high.

-Former resistance at 95 is possible support.

LEVELS: 92.29 93.34 95.69 | 98.14 99.46 100.73

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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