Crude Closing in on Next Big Trading Zone
Chart Prepared by Jamie Saettele, CMT
-The last crude update noted that “crude has pushed through the line that crosses all the lows from 2015. This line was resistance in January, which makes recent developments even more important. Bottom line, crude hasn’t looked this constructive in a very long time.” Crude could face resistance in the 42-43.50 zone. 42.01 is the low from March 2015.
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