Crude Long Term False Break Might Trigger Big Move
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
- We should get a better idea regarding crude direction over the next few days as price continues to press aginst 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: 93.34 95.04 96.60 | 98.05 99.46 100.73
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