Oil…44.00 +- a few ticks is the next matrix level.

CVX…102.46 is today’s ORL#.

Today’s high @ 105 represents a weekly double top.

The profit taking in the energy complex has not run it’s course.

Oil is completing the ORL pattern with CVX & XOM flirting with the matching levels.

The winners ( UNH,XLU,ULTA,WTR,AZO) are being sold.

SMH & IBB is still relatively stable.

CME..is working on an ORL day. This is a loss of momentum and perhaps the

lack of interest in trading this summer.

​The last hour could see a pick up in downside activity with investors preferring to capture the money they have​ on the books.