April crude oil:
1. On both Wednesday and Thursday ((March 2/3) of last week it was noted that continued failure at $35.20 in April crude oil would indicate a new short entry for decline to lower prices.
2. However, on Friday, March 4 April crude oil reversed and broke out above $35.20 which prompted Friday’s March 4 forecast for new long entry in April crude for continued advance to $36.70 into Monday, March 7. For those already short this required a stop and reverse which required a relatively small loss.
3. Today, Monday, March 7, crude oil completed the forecast advance to $36.70, successfully completing the forecast/trade (today’s session high, $36.81, so far). This successfully completes the forecast/trade. Will message any further entry or indication in April crude.