|Crude Oil Anchor CHart|
Crude Oil is trading higher this morning in a bullish long-term trend with trend-line support below and major trigger-zone resistance above at 105.45. we will buy pullbacks using the wave-pattern-long with a profit-target at the 105.45 and then we will look for a selling-opportunity at those highs.
|Crude Oil Set Up Chart|
The set-up chart on Crude Oil shows another bullish market sentiment and trend price-channel along with support levels at 103.27 and 102.89. We can see the resistance levels at 103.84 and 104.09 are holding strong at this time, but the short-term trend is clearly bullish so we will be looking buying opportunities today as long as this continues.