Midday Missive

Oil…sustained price action and a close under 99.21 will lead to a first test of 98.25.

Brent…could get as low as 106.40 before bouncing. This is an exirt zone for directional players the first time down.

Buy before you sell at this area.

VIX… It’s caught between lower retraces into the 12’s ( which caps ralliesIn the Equity indices) and resistance @ 14.20-40, back into it’s 200 DMA, which stops the breaks in the Equity indices.

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