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  • This week's non-farm payrolls (NFP) will likely be key to gauge the direction of gold as markets look ahead to the Jackson Hole Economic Symposium. Get your market update from @FxWestwater here:https://t.co/WmTrqe0xJN https://t.co/Ksx8IsbzbT
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Crude Drop Viewed in Context of Bullish Channel

Crude Drop Viewed in Context of Bullish Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Drop Viewed in Context of Bullish Channel

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.

For more analysis and trade setups, visit SB Trade Desk

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