Update on Oil & Gas: Aug 16, 2018

Lots of targets being hit, lately.  We’ll start with EURUSD, which tagged the channel top we had originally scheduled for later in September.  ES nailed our .786 and channel midline target.

VIX slightly exceeded our 16.66 target.And, most importantly, WTI came within .07 of our primary downside target and has yet to bounce much.

Since it fell just short, and RB remains a few cents above its target, we’ll take a look at the road forward for CL and RB and how they should impact the bigger picture.

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