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Crude Rebounds from Top of Support Zone

Crude Rebounds from Top of Support Zone

Jamie Saettele, CMT, Sr. Technical Strategist


Crude Rebounds from Top of Support Zone

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Since February, crude has been trading in what appears to be a triangle pattern. Several more legs within the triangle are possible so be aware of weakness from near range highs. 102.20/65 is viewed as support. The top of this zone has held.

LEVELS: 101.68 102.21 102.64 | 104.53 105.19 106.38

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

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