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Crude Break or Fake?

Crude Break or Fake?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Break or Fake?

Chart Prepared by Jamie Saettele, CMT

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

-The most recent comments remain valid for crude. “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.”

For more analysis and trade setups, visit SB Trade Desk

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