- New Science in old markets -

Crude makes bottom extensions

Both WTI and Brent crude futures made bottom extensions yesterday. Cover all shorts that you may still have from the May 19th edition and reverse into longs:

WTI & Brent daily bott exts

Obviously this means that all related energy contracts will probably also rally, excluding Nat Gas which correlates poorly with the others. It may also rally but we have no signal that suggests so.

All signals generated by software supplied by our friends at Parallax Financial Research www.pfr.com