pangblood- Regarding a healthy bounce (which I assume you meant) in crude, while anything is possible, I don’t think so just yet. First off, the $50 breakout failed breakout just occurred a couple of sessions ago. As that failed breakout was on the daily time frame, my expectation would be for more downside before a “healthy” bounce (of course, minor counter-trend bounces on just about any trend are par for the course). Second, my read on the 60-minute chart of $CL looks like crude might have formed a bear flag continuation pattern overnight which looks ripe to break down soon. Even if that flag doesn’t play out, it still appears to me that a continued move down to the at least the 47.50 area is likely before a significant reaction. I could be wrong but that’s my read on crude right now.

Anytime. As I returned home later than expected tonight, I just wanted to make sure the big 3 (stocks, gold/gdx & oil) were covered heading into this trading week. Starting tomorrow morning & into the week, I’ll work on highlighting any standout sectors and trade ideas. Have a great evening.
-Randy