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  • Want to hear my thoughts on the US Dollar? Check out yesterday's recording with #AuzBiz hosted by @KaraOrdway on 'The Trade' We discussed a #USD index, Treasury yields, $USDJPY, $AUDUSD and $NZDUSD https://t.co/yxwquL1btp https://t.co/RtWjlN6kpv
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Crude Oil Long Term Chart – Mid 20s for Support?

Crude Oil Long Term Chart – Mid 20s for Support?

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

Crude Oil Long Term Chart – Mid 20s for Support?

Chart Prepared by Jamie Saettele, CMT

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

-USOIL (crude oil ETF) traded to its lowest level since 2004 today (1/7). While sentiment and momentum are certainly at a point that could lead to a ‘bounce’, meaningful long term support may not reside until the mid-20s as per the combination of long term slope and horizontal levels from 2002 and 2003.

For more analysis and trade setups, visit SB Trade Desk

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