The Day Ahead: AM Edition 2021-12-16

Tech giving back much of the gain from yesterday

Dec 16, 2021

∙ Paid

Crude Oil

CL on track moving up out of the low from yesterday. Perhaps a minor retrace is due ahead of pushing over the high from December 8th. Support at 71.71 and 70.80.

Might need a minor retrace before higher

Euro

If we treat the low yesterday as a truncated fifth in Euro, we should then look for a higher low to form and push upward through 1.1367. Supp…

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