Tuesday, May 27, 2014

Crude Treads Water; 20 DMA is Support




Daily


Crude Treads Water; 20 DMA is Support


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0



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



-Since February, crude has been trading in what appears to be a triangle pattern. Several more legs within the triangle are possible so be aware of weakness from near range highs. 102.20/65 is viewed as support.




LEVELS: 101.68 102.64 103 | 104.53 105.19 106.38



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





Crude Treads Water; 20 DMA is Support

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