Commodities, Energy, Featured|October 18, 2012 7:15 am

Crude Unchanged on Day Near Top of Range

Daily Bars

Prepared by Jamie Saettele, CMT

The 10/15 low is viewed as the latest pivot so respect potential for a return to 9400 and perhaps the 61.8% retracement of the decline from 10040 at 9553. However, new longs at the top of the range (current level) aren’t wise given current range conditions. I don’t see a trade here.

LEVELS: 8795 8976 9133 9363 9450 9553

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Crude Unchanged on Day Near Top of Range

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