Crude oil is passing through compression critical point on 30 min scale, and breaking down on 15 min scale. This is likely to result in a large downward move. Crude behaviour agrees with higher probability for s/t rates moving down, as noted earlier today; likely result in equities setback as well. This forecast applies to 30-60 min timescale and is expected to last 12-24 hours.


= large price move next
or
= this price move ends