Crude

More upside price action in the crude pits. Range was $1.60 on below average volume.

I show the daily chart again, as it gives a better view of the overhead resistance that price is starting to encounter.

There are several fib relationships, which not all are shown, right in this area. Also, we have the upper boundary of the channel, as well as, the median line of a fork.

The waves continue to subdivide, which shows very well on any intraday chart. It appears that we spent the majority of the day in a 4th wave triangle, before "thrusting" out of it.

My guess is that was a minuette degree (iv) of minute [iii], though I can't be certain. It is also possible that the degrees should be moved down.

Regardless, it suggests price has more room to run.

The new front month for crude is now December.

Edit: Anybody notice how the grains lit up again today with the moon. Coincidence? Not sure, however, structure was suggesting higher price. I have no personal statistical data to either refute or claim correlation.