CL Nearing Key Level of Support

Quite stunningly, CL has moved into my personal support level, 45.32.

CL has a 39.19 LONG (anchor is there) drawn up to:   55.24.

61.8% line:   45.32.  IF THIS BREAKS, the GLOBALIZED Central Bank effort to normalize rates will come to an end, as Commodities make up a big percentage of the Last 12months of Inflation.

The DEFLATIONARY SPIRAL could bankrupt all economies.  I am watching carefully.   Keep an eye on Crude as it is in a death spiral below 45 and change.

DJ, Thurs, 4 May 2017, Around 10:45am PAC Time.

We are back in California Finally...visiting the Folks, after RV repairs held us up...again!