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Crude Oil – Trendline Hold or Bust

Crude Oil – Trendline Hold or Bust

2017-03-23 20:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude Oil – Trendline Hold or Bust

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Crude continues to trade around the trendline and 200 day average. I’m positive on crude as long as the trendline holds. Failure to do opens up 42 (March 2015 and November 2016 lows) and maybe even a 37 handle at some point (61.8% retracement and August 2015 low).

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