Once again, Both the e-SPM and Crude Look Like They Have Unfinished Business on The Upside

The e-SPM and Crude Oil are following the same path today-- to the upside.

In fact, the action in the e-SPM and in Oil, since Tuesday and Wednesday, looks like both have ended corrections, and both has started news uplegs that are pushing up towards a confrontation with near-term resistance at 2132.25, and at $61.50/65, which if hurdled and sustained, should trigger upside continuation and acceleration-- especially in the aftermath of a more "dovish" than expected speech Friday after my Fed Head Yellen.

At this juncture, only sudden downside reversals that break 2115 and $58.30 will compromise the constructive near-term patterns.