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Crude Support is Still Lower

Crude Support is Still Lower

2015-12-10 19:35:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude Support is Still Lower

Chart Prepared by Jamie Saettele, CMT

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

-Crude is in full crash mode (again). The line that provided support in August could do so again. That line is around 34. If crude bounces before reaching the mentioned support, then watch for resistance near 38 (median line, which was resistance on Wednesday).

For more analysis and trade setups, visit SB Trade Desk

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