Crude

Crude finished up $.55 on better than average volume. Range was $2.39.

Crude continued to consolidate in what I have labeled minuette (iv). The 69.71 L may have marked the end of this corrective wave with a little more than a 25% retracement of (iii). It's not real clean coming up out of that low, so the jury is still out.

The complex nature of (iv) was expected based on alternation with (ii), which was a beautiful zigzag. Also, if you remember, Friday was a cycle peak on the daily (KoolsTools). That worked like a charm.

Tomorrow should be a little cycle low day. There is a nice cycle peak due 8 trading days from today, or Monday the 17th.

Should this (iv) not be complete, the retracement levels are on the chart.

As always - I may be completely wrong in my interpretation of structure.

Edit: forgot to mention that tonight is a full moon fwiw.