Crude 200 Day Average at Monday and Tuesday Highs
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Crude is coming off of a top that is accompanied by a sentiment extreme. In fact, COT remains pinned near record levels. The current juncture is even more important in light of the 200 day average resting above Monday’s and Tuesday’s highs.
-Look lower as long as price is below Monday’s high. 97.99 and 97.34 are supports.
LEVELS: 97.93 98.74 99.42 | 100.49 101.50 102.19
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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