Sure looks that way. Considering crude's correlation with stock markets & Dollar would you say that Dollar is to continue declining & stocks keep the upside?
crude never made it to my favoured $89 and i don't expect it to try again based on the drop since May and current formation, i'm of the belief it's all downside from here chart is from AG showing it's EW labeling plus a couple of Ellipse and MOB quite like the labeling particularly the ABC at the end of the uptrend
Agree, downside to oil in the comming month... Figures just dont add up, we all know what is going to happen at OPEC in few weeks.....and thats NOTHING. Why should they? they already happy oil is too damn high as it is considering the economic data thats present. High unemployment, exchange rates on the flip side ect ect But then again, since when is oil logical?