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.

Okay, now I am thinking about a possible long side bias.

'Too easy'. Gotcha, you oinker.

Right here is where we see if it will continue. This is where the sellers would reassert, if they were still completely dominant, in my experience.

And, as I suspected, they aren't dominant any more.

Initial caution right here.

I sure did 'see' the shift on that one right as it happened.

Okay, it's pretty much at the first area I posted, and doing it from much lower, so it really became the 'second' area. Let's see if this is it, then chop in this range until close, or if they vault it to the next area.

I'd think they would want to make up the entire last steady leg down in a nice v-move 'recovery' like they like so much. That would be my next area, around 43-half. It's asking a lot, since that would be a 20+ point bounce. I would be happy right in here.

Okay, there's another leg. Deep into my area. Is that it, or will they shoot for the next area? I can't imagine much more than this (in today's RTH), but in this manipulated market, you never know.

See how the game is played? Just amazing.

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!