At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date. The target off this formation, if it holds, is 110 or so. But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. Continue reading "Crude Oil Breakout & Some Implications"
