Crude Faces Resistance from an August Low at 103.49
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Crude is nearing a possible reaction zone defined by lows from September and the October high from 103.49 to 104.35 (pullback from there?).
-Long term, the failed break of long term trendline supports may very well propel the market higher in the coming months.
LEVELS: 99.38 100.15 101.66 | 103.49 104.35 105.51
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.