Bye Bye Trend
Was it Alcoa ? China raising banks reserve ratio requirements? A delayed reaction to the ugly jobs report? Or just the weather?
Feb Heating Oil
click to enlarge
These charts look to have running 2 waves in the very short term, implying a 3 down is just starting or soon will be.
However the trend is your etc. so...watching for overlaps of previous lows to confirm and most importantly overlapping the 1 at 79.12."
Bye Bye trend.