Crude Drop Viewed in Context of Bullish Channel
Chart Prepared by Jamie Saettele, CMT
-Crude is constructive as long as price maintains 45.82 (6/17 and 6/27 lows). The next area of trouble looks like 54.21-56.49 (early 2015 highs and May 2015 low). Weakness below 45.82 would delay the constructive outlook until at least 37.68.
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