Crude False Start? Watch for Support Near 57.91 If Reached
Chart Prepared by Jamie Saettele, CMT
-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).
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.