The Day Ahead: AM Edition 2022-07-14

Crude comes through with the new low

Jul 14, 2022

∙ Paid

Crude Oil

Let us start with the star performer today. CL came through with a drop today under 93.30 and almost made it to the next support at 90.00 before a nice recovery. At a minimum, this is a wave [III] low and could be the end of c of (a) of [ii] if you use the aggressive intraday count shown below. Bulls have work to do, but I favor at least a boun…

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