miran1 Good question. To clarify or expand upon those earlier comments on crude oil, I am leaning slightly towards more downside in the coming days to anywhere from the bottom of the support zone on CL (35.44) & possibly as low as the 34.15 area. However, my confidence on a continued move lower isn’t very high & the odds for a bounce (even if it will only be relatively mild in scope & duration) start to rise sharply here at the top of the resistance zone. Therefore, I don’t feel that the R/R to remain short was worth the risk of a reversal in crude, especially as this pullback could possible be all that we get. As such, I booked full profits (a UTWI short taken while CL & USO were near the top of the wedge a few days ago). Bottom line is that I don’t have a very strong opinion right now as to the next direction in crude. The main reason for this update was to highlight the fact that CL/crude had fallen to the top of that aforementioned support zone/unofficial price target, in case others that were short wanted to book partial or full profits.