A.M. Look 4/16/26

Indices are getting rich enough for some back and fill.

This is a buy the break into unchanged on the year in both the risk spreads and the indexes.

Oil…$87 is the 50% pullback level for the past 5 years.

A break of 87 leaves the door open to $83 which is the low risk buy level.

CLE/GCE hit qtrly momentum and is retracing.

Paying attention in here to see if the spread retests the ORH Qtrly breakout.

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