Charts I’m Watching: Aug 28, 2017

Futures are up a few points on lower lows in VIX and a partial recovery in oil prices.Traders will no doubt be considering the repercussions of Harvey.  The expected impact on gasoline production has sent RBOB higher by as much as 12.7% in the last four sessions.

While, oil prices fell up to 1% overnight, testing the bottom of a rising channel for the 7th time since June.  Time is running out for the channel to break down in August.

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