Tanalys

Crude Oil – 49 Still in Focus

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-No change to crude oil comments as the energy is consolidating above its breakout level. “Crude has broken out ‘decisively’ but New Year and new fear. The fear is that the breakout fails, at least temporarily, given the violent reversal today (1/3). Watch for support near 49.”

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