Crude Oil Trendline Maintain and Attempting to Set up above the 200 Day Avg

0
2


Daily (LOG)

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update remarked that “low thus far is 47.07 so if crude isn’t going to spill then it needs to turn up now. A close back above the 200 day average would be a positive sign (a la what happened in August and November).” Crude closed above the 200 day average on Wednesday. Given the dynamic, I’m positive on crude.



Source link

Advertisements

What You Think About This Topic? Leave Your COmment