Crude New High Would Face Resistance at 99
Daily Bars
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Commodity Analysis: Crude has broken steep trendline support. Trendlines break of this angle are often false, which appears to be the case here. In the event of a new high, watch 99 and the underside of former trendline support for resistance.
Commodity Trading Strategy: Flat
LEVELS: 9264 9379 9494 9821 9899 10040
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Commodity Analysis: Crude has broken steep trendline support. Trendlines break of this angle are often false, which appears to be the case here. In the event of a new high, watch 99 and the underside of former trendline support for resistance.
Commodity Trading Strategy: Flat
LEVELS: 9264 9379 9494 9821 9899 10040
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