Crude Searching for Direction
Chart Prepared by Jamie Saettele, CMT
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-Is crude leading the USD (which is bouncing from support)? The bullish outside day from 10/15 is on the verge of negation, which would put focus squarely on 42-43.19 (March and September lows). Crude needs to overcome 47.47 to re-instill confidence in the upside.
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