I mentioned in my earlier post today that oil is another story.  I won’t be exempt from the upcoming drop as well.  I expect it to retest the mid 83’s in quick order.  It will happen fast and shake everyone off that tried to catch this rally.  The mid 83’s are aligned on the latest daily cycle 75% retracement (right fib), the intermediate cycle 38% retracement (left fib) and perfect retest of the mid april top.

I will be buying back into my encc.to stock when those levels get close.  I sold out of it 2 weeks ago as the upside was limited.