Crude. Nope, we are not going down to 42. Not yet.

I did some analysis on DXY and EURUSD this morning and realized that we are likely to see another swing high in EUR, which is supposed to start may be next week.

Since Crude is extremely correlated with EUR or DXY it will make sense to suspect that Crude will also go higher once EUR reverses in Y wave.

Please check EURUSD as a grey line on the chart - the correlation with Crude persists for many many months, so no reason to assume Crude will go down without EUR. Both will pump and dump together. Please refer to the attached analysis on EUR and DXY for the timings of those moves.