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Crude Oil Trendline Breakout Attempt

Crude Oil Trendline Breakout Attempt

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Crude Oil Trendline Breakout Attempt

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Crude is on a tear and testing the line that extends off of the June high. Strength through here would place additional emphasis on the possible yearlong head and shoulders pattern (lows in August 2015, February 2016 and August 2016).

For more analysis and trade setups, visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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