As posted in earlier charts below, Crude Oil rallied to its first price objective in the retracement move up at 76.40. Its second price objective remains at 79.20 (marked in black). Within that cycle, it has also hit a new entry up at 74.04 with the first price objective at 77.30 (marked in blue). The indicator has turned up. To start a retracement down, price would have to go through 75.27 and the first price objective would be 73.86 (marked in red).
The ETF for Crude, DIG has a similar formation with a first price objective for the move up at 30.38 and the second price objective for the retracement up at 31.28 (chart not shown).
Arthur
Trading One 
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