Thursday, July 28, 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.






Tuesday, July 19, 2016

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.