
A series of abc structures with reasonable equivalency or, as in the last one, a .62 relationship. No doubt it could resolve just slightly higher than 68.99 at say 69.21 , but it sure looks like a correction to the first leg down off the June highs.

A Discussion of Technical Analysis, Elliott Wave Theory, and Fibonacci Ratio's focusing on Energy Mkt.s Crude, Products, and Natural Gas. Occasional Fundamental Analysis, Energy News and Rumor.
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