Tuesday, August 3, 2010

WTI

Sept. WTI will have c=a @ 82.67.  The .618 Sept. retrace of the 1 down is at 83.47.
On the spot chart, I have a .78 retrace of the 1 down ( using the low expiry print of 64.24 ) right here at 82.10. The same spot chart retrace of .85 is at 83.71.

And on this continuation chart the  .76 retrace is at 82.41
So resistance and probable 2 wave target up here.  

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