click to enlarge
The c=a at 5.13 on a break lower.
Additionally the .618 retrace of the Feb contract is at 5.13
Given the likely hood of this move down being corrective and choppy overall 5.13 may well be a tough level to get through.

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.
No comments:
Post a Comment