Crude Near Term Bearish Channel Worth a Look
Chart Prepared by Jamie Saettele, CMT
-Crude is trading around 42 (March 2015 low and March 2016 high) but I’m more inclined to pay attention to the well-defined channel lines. The upper bound suggest that resistance is near 43. The next chart level of interest on the downside is the Doha low (also the August 2015 low) at 37.59.
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