WTI Update

        click to enlarge
The WTI may have 2 up complete today as shown. If so the implication is that the next leg down can easily equal the 1st leg or more likely be a fibonacci multiple.
3=1 at 64.46 , and 3= 1.618 of 1 at 56.72.
Lets see if the move down exhibits 3rd wave characteristics.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate