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Crude Rallies from Base Support; Median Line Tested Again

Crude Rallies from Base Support; Median Line Tested Again

2015-10-29 20:04:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude Rallies from Base Support; Median Line Tested Again

Chart Prepared by Jamie Saettele, CMT

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

-The early month break above the median line that was resistance at critical points in July, August, and September was short lived but crude oil is right back at the line. A break above this line would increase confidence that price action since the August low is the beginning of something more bullish.

For more analysis and trade setups, visit SB Trade Desk

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