Tanalys

Crude 101 is Critical to Near Term Bull Prospects

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Crude is nearing a possible reaction zone defined by lows from September and the October high from 103.49 to 104.35 (pullback from there?).

-Long term, the failed break of long term trendline supports may very well propel the market higher in the coming months.

LEVELS: 100.15 101 102.03 | 102.81 103.49 104.35

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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