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Crude Dip Complete?

Jamie Saettele, CMT

DailyFX.com -

Daily

Crude Dip Complete?
Crude Dip Complete?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“The 5/13 high failed to reach the resistance line, which warns of a top (think of it like momentum divergence) and coming support break.”

-Crude has turned up sharply and faces resistance from the median line. This line has been precise as support and resistance in recent months so a break above could signal that another leg higher is underway.

For more analysis and trade setups, visit SB Trade Desk


original source

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