Showing posts from July, 2016

Crude / Products Update

 Is the bottom in and are we done with a corrective pullback? Have a Fibonacci .38 as seen below.  click to enlarge It's a maybe. Leaning toward NOT.  See the previous post from May 19; Crude Topping?  Potential diagonal 5th wave.  HOWEVER Can it make new lows? Can't be by much if it does; if Crude had an equivalent percent move down from 114 as from 148 to 32 (78%) it targets 25. Please no a recommendation.

USD Update

The USD is breaking to fresh highs above previous resistance this morning. click to enlarge This could be the beginning of -3- of 3 up targeting significant new highs for the USD. Pls see May 8 post, USD Time . Can't help WTI.