Oil continues to trade between the major levels of 37.00 and 41.50. Until they can either get a couple close's above 42.00, or below 37.00 the choppy trade should continue. Once above 42.00 the target is 51.00 and below 37.00 it is 32.50.
Remains the same,
Like the Oil, Gold is caught between two major levels, on the bottom it is 1850.00, this is 23.6% back to the 2015 low and 38.2% back to the 3/16/20 low. On top is 38.2% back to the all-time high, this is 1942.00. This range can continue for another few weeks. Once they can get a couple solid close's above 1942.00 the target area will be 2020.00 a major Gann square and 2040.00, this is 78.6% back to the all-time high. With a couple close's below 1850.00 the target is 1700.00, this is 38.2% back to the 2015 low and 61.8% back to the 3/16/20 low.