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Crude False Start? Watch for Support Near 57.91 If Reached

Crude False Start? Watch for Support Near 57.91 If Reached

2015-06-25 18:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude False Start? Watch for Support Near 57.91 If Reached

Chart Prepared by Jamie Saettele, CMT

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

-Broad focus is higher in USOIL as trade since May is corrective and therefore likely subdivides a larger bull move. A break above 62.55 would set a 68.61 objective. A final ‘flush’ could test support near 57.91 (pay attention to the lower parallel line).

For more analysis and trade setups, visit SB Trade Desk

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