CL is taking a dive this morning…
…as EURUSD continues to back off after reaching our upside target…
…and USDJPY clings to safety of the .618 Fib at 120.11 — providing cover for all manner of “adjustments.”
The eminis are up 5.75 primarily on the yen’s weakness and Friday’s algofest which saw SPX break through overhead trend line resistance and rise above the neckline of the H&S Pattern it completed the day before.
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