Crude Could Bounce from This Line
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Crude is at major support from the 61.8% retracement of the advance from the 2008 low. A slope line comes in just below this week’s low too. Expect resistance now at 75.” The mentioned slope line was hit today (12/9) and crude could bounce from this level.
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