Crude Key Reversal; Look for Dip Below 99
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The reversal from above the December high is suggestive of a near term top. Former highs in the mid-98.00s intersect trendline support over the next few days.
-Long term, the failed break of long term trendline supports may very well propel the market higher in the coming months.
LEVELS: 97.81 98.79 99.56 | 101.01 102.21 103.49
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