Oil and ABX, both on track

oil dec 23 2014 2abx dec 23 2014

Oil does look as if it is doing a triangle. The next down leg could start any moment.

is getting closer to its target which may be just a little lower, around $11. It all depends on whether or not this last leg is a wedge or a more normal 5th wave, The risk here is missing the boat rather than paying 50 cents too much.