Gold, Oil & Indices (Equity & Bond Indices)

Boli, yep I had the 61.8% which also coincided with the 100 dma. The significance of the 127% sym ext is for typical completion of a "simple"corrective. Much deeper than that and my count changes to a W.3 rather than a W.C. The 2 levels provided for a nice cluster close together and any breach of that 61.8% level would have had me alerted for further downside. Once the 87.66 candle high was taken that's my signal for long trade or more conservative the 87.85 level taken.

Now that crude has made a new high it constitutes the minimum requirement to validate the count.

yup i agree with ya.but possib other other gover see the reaction +results an try to make changes b4 there run outta town which would just make cl correct lower..these gove need to see that the old school strong arm method are no longer usefull even military refuses to side with presidents..no1 is willing to kill a protestor for wanting a better life that barbaric thinkn is done with..what does every1 think abouit such protests spreading to china:) gl:)

chloe, think about this regarding Egypt:
There are 2 options as far as I can see right now:
1) Mubarak under the pressure from the protesters, resgns tomorrow without any violence and there is a smooth transition of power. At first this will lead to a sell-off in crude. But I think when the protestors in other Middle East countries see that 2nd "dictator" is ousted under the pressure of protest, they will be embolden and this will lead to renewed protests in this countries and this will again bring uncertainty and oil will again rise.

2) Mubarak does not resign under the pressure of the protests. But as I can see it, the protestors are determined to oust him. So I think escalation of violence is inevitable and this will bid oil price further.

So it seems it is a win-win situation for oil. And this is why crude is building on Fri's gains.

when i did the usdcad last nite i found a break of 1.0030 next resistance level @1.0120 b4 moving onto ashraf t/p 1.0180. so i might try to flip some an buy back on a retest of 1.0100 but will sell most of the position around 1.0160..20pips from ashraf t/p so feel safe the orders will be hit:) gl

yeah Chloe, you caught that cad sob real nice. Watch the 1.0100 symmetry level for potential beer stop. Beyond that 127% @ 1.0153. gl.