Old School... Fibonacci be dammed.. Just follow the . The micro, the 6 month, the year trend.... Your pick, all forecast oils decline.
Storm flags this week, no lifeguard on duty... Big boards only. Paddlepuss be warned. I remain very short for the long ride..
This micro channel has more velocity than last month. This means some big bommie, expect overshoots on both sides. It's a long way to the bottom... this is not it. Swim safe.... don't get axed by the backdoor.
Now Barron's Agree... Well to $20 at least...