Energy Futures Continue To Melt-Down

Brief & delayed update today due to our company’s annual meeting. Energy futures continue to melt-down after the US granted waivers on its sanctions against Iran. We’ve fallen so far so fast that we’re due for a corrective bounce sometime soon (and a Friday afternoon is often a good time to see some mean-reversion trading) but longer term the charts point to $60 for WTI which would likely mean another dime taken off of product prices.

CLICK HERE for a PDF of today's charts