The Euro made it to a serious support area. The heart of it is around 1.2250 so a deeper move into it might still be in play.



The curious thing about this layout is that it doesn't really matter if we get one, ore more, push to the downside, geometry indicates 1.2330 region as a serious correction level. What's even more interesting, if someone wants to play aorund with Fibs and MLs and adjust it now at 1.2250 (although it has not been hit yet), they will give additional confirmation of the 30s importance.

What an incredible day so far...

Crude is pretty much there. Only one day after I posted that. I thought it might take awhile... Time for me to post my next level, in case. It's basically where everyone else is. I'd think this area would produce a significant bounce. If not, I'd expect a rapid decline and then it's done.

Originally posted by jimkane

My next weekly/monthly key area for crude is 57-60. Something might happen in there.

Yeah, rat, I was just going to post, this might be it for now. a 30 point move in one shot, right to what you posted (and other stuff, of course), it 'should' bounce. But, right here and now, I'm not going to play that just yet...

This is looking like a huge flush coming. We all know what that almost always (in my experience) means nowadays. But this may be one of those cases it needs to throw in where it does exactly what it looks like. We'll see. It truly is 'bounce time'.

How can this not want to at least go to the big ABCD area down lower? Maybe not immediately, although it could, but soon?

The selling looks relentless.

I really think it could bounce off this spot right here, right now. I'm just sayin', be watchful...

And the bounce could be very short-term vicious.

34-half, then 43-half, give or take, are my areas.

Crude has a super-key TL around 47, and I'd think they'd want to screw with that. Then the key area is around the previous low, 33-36 and change. If crude gets into the 30's I plan to 'go all in' in every way, shape, and form I can on crude. Whether I will have the nerve when the time comes to break the rules and put a goodly portion of my eggs in one basket will remain to be seen. Many will be looking for a repeat of the last time it hit that level, and that worries me tremendously. But, crude staying in the 30's for any period of time? That could only happen if we are in complete collapse mode, and that would have to include China, who would be willing to buy the entire world's supply almost indefinitely at that price. it's all very 'odd'.

Bottom line, crude is at a monster area right now. The 47 TL area is obvious. And the 33-36+ area is known to every person on earth, even the handful of people in indigenous tribes who have never had outside contact. Even they are talking about that level. So, all I can say is, this is ripe for insane levels of games. It's going to be a lot of fun, let me tell you that!