Crude Unchanged Following Consolidation
Daily Bars
Prepared by Jamie Saettele, CMT
"Crude reversed quickly after testing the 38.2% retracement of the decline from 10643 last week. A 38.2% retracement is consistent with a 4th wave, which would imply a drop below 7726 in the coming weeks." The 2nd standard deviation Bollinger Band® has turned strength since the top in March as well.
LEVELS: 8209 8363 8504 8705 8800 8896
Prepared by Jamie Saettele, CMT
"Crude reversed quickly after testing the 38.2% retracement of the decline from 10643 last week. A 38.2% retracement is consistent with a 4th wave, which would imply a drop below 7726 in the coming weeks." The 2nd standard deviation Bollinger Band® has turned strength since the top in March as well.
LEVELS: 8209 8363 8504 8705 8800 8896
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