September crude oil:
1. With prices at $99.42, our July 30 September crude oil update indicated sharply lower prices coming, including $95.50 (initial) then $84/$82 (or lower).
2. Yesterday’s (Thursday, Aug. 14) September crude oil session declined sharply and completed the $95.50 downside target (session low, $95.26). This is an important downside completion. Will message any new entry based upon the expected further decline as the market confirms.