
Anything is possible. It's mid summer.
And another choppy move up to 3.75 , the .618 retrace COULD happen...
But the most likely outcome after a 50% retrace is an eventual (ie this week) resumption of the trend and retest of the spot mo. lows.
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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