tag:blogger.com,1999:blog-28698242.post8259392044746389787..comments2023-10-05T08:55:55.455-06:00Comments on Stock Geometry: 10/16/09 Energy Market Update - Crude Oil & Natural Gaspythagoruzhttp://www.blogger.com/profile/06890155470782351043noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-28698242.post-2715054942517551532009-10-16T12:56:34.419-06:002009-10-16T12:56:34.419-06:00Nice charts Stewart, crude is looking really solid...Nice charts Stewart, crude is looking really solid here. That first chart almost looks like a cup n handle but obviously here it wouldn't be much of a continuation pattern. But lets say we did call it a cup n handle, with a cup bottom at $35 and a handle top at $75. That would give a target of 75+40= $115. That seems too aggressive of a target, but from a quick glance at your fibs, I'd think crude could reach that 61.8% fib at $105 (in this rally).<br /><br />I'm curious how crude will perform during the stock market correction to begin two months ago. lolpythagoruzhttps://www.blogger.com/profile/06890155470782351043noreply@blogger.com