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Crude Pierces Trendline and Pulls Back

Crude Pierces Trendline and Pulls Back

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_Picture_2.png, Crude Pierces Trendline and Pulls Back

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

- We should get a better idea regarding crude direction over the next few days as price is at trendline resistance that originates at the September high.

-A break above would face resistance near 99 while a rejection probably finds support near former resistance at 95.

LEVELS: 95.04 96.40 97.31 | 98.73 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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