Crude Drilled Again; Watch March Low at 42 and Parallel Line at 41
Chart Prepared by Jamie Saettele, CMT
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-In the most recent update, we wondered whether “crude was leading the USD (which is bouncing from support)…focus squarely on 42-43.19 (March and September lows).” Crude is closing in on 42. There is also a parallel level to watch for support near 41. Failure to hold either one of these levels opens up trend lows.
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