Crude Mid-42.00s is Still a Big Spot
Chart Prepared by Jamie Saettele, CMT
-The last update noted that “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 objective is 46.45.” Crude popped through the 46.45level before coming off sharply. Watch for support at mid-42.00s now. Failure to hold that level would be bearish.