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Jetfuel

Gulf Coast Jet Fuel FuturesProposed EW count for Gulf Coast Jet Fuel Futures: Box denotes the wave travel of the minuette wave (I am not careful about using the correct EW notations) travel. I was tempted to label that as inermediate wave (3) but it would be the shortest wave and that wouldn't stack up. I would be looking for wave C to possibly make a 1:1 or 1:1.618 extension for sub-wave (c). If price is held by the approx trend-line then an extension of wave (5) is still in play, If the trend-line doesn't hold this would validate the count and point towards a retracement of the 5 wave move (no targets as yet - although $1.55 seems like a plausible initial target).
NYMEX:AGE1!Short
by flyinkiwi10

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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