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.






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