I mentioned the potential for one more run at that big $76ish resistance on crude where I believe a major top was put in back in early July. Crude is testing that level again & as I often say, resistance is resistance until & unless taken out so yes, this is still a very objective level to short & although several of my early price targets based on the 60-minute chart we hit, I still have & still maintain the longer-term targets that have been highlighted on the daily time frame.

TSLA remains pinched below the 802ish resistance & the uptrend line on my daily chart so if QQQ is going to hit the next downside swing target of 343, at the very least it will likely drag TSLA down for another test of that trendline as those levels are 5-6% below current levels.

I wouldn’t short natural gas I think we’re going to see 8.60

Oil to the moon! … funny how the oil charts are starting to reflect higher demand and short supplies! If you turn Randy’s charts upside down then his yellow arrows are very correct! LOL

This is CL daily. Beautiful breakout with backtest and now re-test of the previous highs.

This story is identical to crude oil call for correction, where basically now crude made full circle and a hair below the previous highs on 7/6 (~$76). Yet all we’ve been getting lately is “short here”, “short there”, but the thing is up at least 7% since you last said it’s objective short.

…and today when it’s really getting objective to short crude (for whatever reason), I am not shorting it. I had enough shorting grains back in the day. I have my own reasons, however now when it gets really objective to short it, there is zero mention of it.