Additional Comments


Crude was murdered today and left for dead on the road side.  Traders shucked long crude positions like a dog scratching fleas.  While today was extraordinary, it appears all that transpired was a wave 2 correction of the up move from the $44.13 low.  It just happened to be all in one swoop.  When charts produce a “falling off a cliff” type pattern, it leads me to anticipate the next most probable move to be to climb right back up again.  If you have fuel needs , one may want to use this  decline to secure a portion of those needs.

US Dollar Index:

Very little activity in the dollar today.