So the line from my Friday's chart finally gave way with the close below it. We may also treat the last bounce as a return move and KIG to the trendline connecting major bottoms:



Let's see if the dark forces Jim has mentioned here so many times will really be able to counter the mounting downside pressure ...

No takers on the 'conext' question, eh?

Now up 7.75 off that 26. How did he know to watch there?

35 area has the key line and .382. Looks like they want to run this right back up to the HOD, but let's see how they handle 35 first.

Wow, hit 35 while I was posting that! Up 9 now off that 26!

This is a nice area here, but I think they want that 40ish area at least. We'll see.

My, oh, my, 35 holds and drops it 4 points. How is he doing this? Now, if it launches off here I'm watching that 40ish area next. If not, KIG.

Although I would be really surprised if this could set a new LOD, a 1.272 move down off this last push up would make a nice 5 waves down.

Crude is just monster today. Look at it break down.

Okay, that new LOD looking better. But watch that .786/.886 trap area as mentioned at the end of last week, they love that.

It's in the trap zone, watch this closely.

And up it goes. Recall what it did Friday when this happened, which was more the exception than the rule, in my experience.

Okay, 67 was it. See ya all Monday. Great posts, everyone.