Crude Nears Bull Flag Target

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that “the ‘Doha low’ registered at a well-defined level (August 2015 low and resistance in late December 2015). Respect upside potential while above that level.” Crude remains constructive while within the Andrew’s structure shown. The market is testing the median line now, which was resistance last week. A bull flat objective is 46.45.

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