Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-The reversal from above the December high gave way to several days of congestion. 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: 99.38 100.15 101.36 | 103.49 104.35 105.51
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.