I thought we would get a more aggressive wave 2 but yesterday was weak and so is today.
This would suggest that there is more downside and the bottom is not in yet
Storage build 61 vs 58 not a deal breaker. The energy sector in general pulled down by oil
My plan will change again if wave 2 is not completed yet.
Trade above 3.082 as part of wave 2 would suggest that a bottom is in place and my original plan will kick in again
This would suggest that there is more downside and the bottom is not in yet
Storage build 61 vs 58 not a deal breaker. The energy sector in general pulled down by oil
My plan will change again if wave 2 is not completed yet.
Trade above 3.082 as part of wave 2 would suggest that a bottom is in place and my original plan will kick in again
Comment:
The rollover to the august contract created a big gap up. If 3.082 is breach with momentum i will change my plan as mentioned above. Gap up is closed and very likely that the gap down will be closed as well