Both oil cost and DOW dump particularly in early US event today. WTI is now behind during around 39.50 after attack as high as 40.97 yesterday. Our perspective is unvaried that cost actions from 41.39 are combining a visual pattern. The mangle of 39.79 teenager support argues that a second leg competence have completed. Further tumble would now be seen behind towards 36.87 support level.
DOW is now trade down over -500 pts or during around -2%. It’s now removing some-more expected that cost actions from 24843.18 are merely a sideway pattern, as a second call in a settlement from 27580.21. It’s still a bit distant though concentration is behind on 24971.03 support. Firm mangle there should extend a visual tumble from 27580.21 to 38.2% retracement during 24002.18.