Crude Rally is Corrective

Crude Rally is Corrective

Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which composes wave c of y. Crude has nearly retraced the entire rally from 7590 and the decline is sharp and impulsive in manner. Any strength should prove […] [...more]

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Crude Tests 7500

Crude Tests 7500

Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which composes wave c of y. Crude has nearly retraced the entire rally from 7590 and the decline is sharp and impulsive in manner. Any strength should prove […] [...more]

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Crude Nears Channel Support

Crude Nears Channel Support

Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which composes wave c of y. Crude has nearly retraced the entire rally from 7590 and the decline is sharp and impulsive in manner. 7500 is potential support. […] [...more]

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Crude Nears Short Term Channel Support

Crude Nears Short Term Channel Support

60 Minute Bars Prepared by Jamie Saettele Crude’s 3 wave correction from 6966 may be complete just shy of its 100% extension (8318). There are 5 waves up from 7590, which would compose wave c of y. Look lower from here. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical […] [...more]

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