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Crude Dip Complete?

Crude Dip Complete?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Dip Complete?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The 5/13 high failed to reach the resistance line, which warns of a top (think of it like momentum divergence) and coming support break.”

-Crude has turned up sharply and faces resistance from the median line. This line has been precise as support and resistance in recent months so a break above could signal that another leg higher is underway.

For more analysis and trade setups, visit SB Trade Desk

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