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Crude Nears Range Highs; Watch 58.00/60 for Support

Crude Nears Range Highs; Watch 58.00/60 for Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Nears Range Highs; Watch 58.00/60 for Support

Chart Prepared by Jamie Saettele, CMT

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

-Crude has turned up sharply but does face the combination of a median line (although bullish) and longer term trendline (bearish) just above the current level. A pullback could test 58.00/60 as support. A break above the mentioned confluence would target a range expansion at 68.61.

For more analysis and trade setups, visit SB Trade Desk

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