I am watching the MACD to cross positive and to enter as close to a Support area as possible.
Previous tests of this level were rejected. FED Reserve has said they don't want the dollar to go too high. I believe a shorting opportunity may be near.
Two down bars at a top with a price gap below $16 makes me think a third down bar will happen. SUgar market opens tonight around midnight PDT (CALIF) so I will have to set my alarm.......
Crude oil tested a critical support level on the daily chart last session. This market has experienced such an aggressive sell off, it has forced price to accelerate away from it's mean value - leaving that mean to price gap. Generally when these gaps occur, the market likes to 'sling back' and fill the gap between mean and price which is knows as the 'elastic...