Just a quick update on the gasoline chart that I’ve been showing on Friday’s. Its still reversing symmetrying to the downside just as we thought it would. Another little clue to add to our deflationary slowdown scenario.

Below is the same chart from above but with a bigger H&S top pattern. You can see how it has morphed into a bigger H&S top pattern that has a PO down to the previous lows around 2.50.

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