Crude Dip Complete?
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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.