Crude Returns to 17 year Trendline; Outside Day Reversal

| 28 juli, 2015 | 0 kommentarer

Weekly

Crude Returns to 17 year Trendline; Outside Day Reversal

Chart Prepared by Jamie Saettele, CMT

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

-“Near term, crude is declining within an extremely steep channel. The market is so weak that the latest bounce couldn’t even make it to channel resistance. 44.60 (close of the 3/18 low day) is a level that could end up providing support for a bounce.” The low for the move so far is 46.66 (close of the low week in March is 46.44). Crude made an outside reversal day today (7/28) at a 17 year trendline today as well. This is a good way (outside reversal) and place (trendline) to form some kind of low.

For more analysis and trade setups, visit SB Trade Desk

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *