Crude Threatening Breakout

| 14 april, 2014 | 0 kommentarer

Daily

eliottWaves_oil_body_Picture_2.png, Crude Threatening Breakout

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The news top led to a sharp decline but crude is nearing levels that likely inspire a rally attempt. 95.59-97.09 is a support zone. The decline is impulsive, which raises the possibility of a larger decline following a corrective rally.”

-We should have a good idea regarding the larger trend soon as crude is trading above the line that extends off of the 2013 and March high. Exceeding 105.19 would negate the bear case.

LEVELS: 100.73 101.61 102.21 | 105.19 106.38 107.58

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

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Kategori: Analys från DailyFX

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