crude continues it's quest higher as it looks to complete a C wave of D of a fourth wave triangle

Gold is now on a watch as it broke below its lower channel; looking for continuation lower OR a false break to the downside

Nat Gas is expected to continue higher as it completed a wave C correction to the downside

Crude traded sideways today in what may be a 4th wave of C wave. Crude was unable to push below 69.69 which is 38.2% of wave 3, (a common pullback for wave 4). I would expect crude to go higher next week, but I would be cautious to the upside as a possible wave E may be forming


Gold is finding resistance as it tests the previous corrective channel. It looks like the bullish move starting from mid August, may be a leading diagonal. I would expect gold to retest ~1220 early next week as it finishes a possible 5th wave ending diagonal


Nat Gas had a nice bounce off of base channel and continued higher, testing very close to upper corrective channel today. Watching to see how nat gas reacts to the upper corrective channel early next week

Daily crude above identified sellers responding to a fib cluster ~ 71.50, which may confirm the suspicion of a 4th wave triangle. Toady's high may mark the top of wave d, with the start of wave e of a 4th wave. Looking ahead, wave e can take the shape of a three wave zig-zag, or a 5 wave triangle. A break above today's high will need to be re-evaluated.



The count was readjusted today to account for price action as gold retraced lower. Gold is testing the lower corrective channel with room to the downside. A temporary channel was put in place in case gold decides to go lower



Sellers remained in control of NG today as a response to Friday's sell off at the top of the corrective channel. Buyers may be stepping in soon as NG finds support in the base channel along with support from fib sturucture