Oil

Crude Breaks Support; Triggers Bearish Continuation Pattern

November 13, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -Crude oil has completed a head and shoulders continuation pattern. The objective from this pattern is 35.50 (new lows). Price is at a median line that was support for the October low so weakness below...

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Crude Oil Responds to Short Term Trendline Support

November 11, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -Noted last updated that “Crude oil broke above the median line on 11/3. This line was former resistance at key points in August, September, and October so the break above was viewed as important. Ccrude...

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Crude Oil; Watch for Support in the 43.00s

November 6, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -Crude oil broke above the median line on 11/3. This line was former resistance at key points in August, September, and October so the break above was viewed as important. Well, crude is back below...

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Crude Oil Final Test Before Full Blown Bull is 50.88

November 3, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -The most recent update noted that “the early month break above the median line that was resistance at critical points in July, August, and September was short lived but crude oil is right back at...

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Crude Rallies from Base Support; Median Line Tested Again

October 29, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -The early month break above the median line that was resistance at critical points in July, August, and September was short lived but crude oil is right back at the line. A break above this...

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Crude Drilled Again; Watch March Low at 42 and Parallel Line at 41

October 28, 2015
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Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -In the most recent update, we wondered whether “crude was leading the USD (which is bouncing from support)…focus squarely on 42-43.19 (March and September lows).” Crude is closing in on 42. There is also a...

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