Crude

We changed to the September contract, so prices are a little different. I have to believe, based on the structure and price, that C finished.

The proportionality just doesn't look right for this to be a 4th compared to 2. I have changed my count to reflect this. If this is correct, this will also complete a bigger A down.

Crude pulled back today as expected, however, it was from higher prices, as it had another upleg left in it. We should be running into decent resistance and to nearly completing the B leg. Understand that B's can, and often do, become complex.

The 50% retrace is around 66 and the 61.8% sits at 67.61.