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Crude Reaction Levels Seen at 101.18 and 102.21

Crude Reaction Levels Seen at 101.18 and 102.21

2014-05-07 21:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude Reaction Levels Seen at 101.18 and 102.21

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-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 proximity of the 200 day average.

-101.18 and 102.21 are reaction levels.

LEVELS: 97.93 98.74 99.96 | 101.18 101.50 102.19

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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