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Crude Oil 51.60s is a Level to Mark for Potential Support

Crude Oil 51.60s is a Level to Mark for Potential Support

2017-04-13 19:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Crude Oil 51.60s is a Level to Mark for Potential Support

Chart Prepared by Jamie Saettele, CMT

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-Crude focus is higher towards the upper channel line in the upper 50s but there is certainly the chance of some back and fill with price hovering at yearly range highs. In the event of a setback, I’d like to see 51.60s provide support. The noted level was resistance in 2016.

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