Charts I’m Watching: May 15, 2015

Oil futures are settling this morning — just in time to temper yesterday’s low volume algo-fest. 2015-05-15 CL 60 0615DX continues to flesh out a falling wedge that has almost reached the .382 at 92.32.2015-05-15 DX daily 0615And, USDJPY has backtested the top of the falling red channel.2015-05-15 USDJPY daily 0615

Put it all together, and we should see yesterday’s ramp job peter out as discussed yesterday, with targets as discussed in the members’ section.

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