Crude Update

Consolidation was the order of the last week.
My view remains that crude is tracing out a minute [c] leg to finish off minor B.

I'm still assuming that price reaches the daily projection around 75. This should be a significant resistance area, as the 127.2% projection of [a] and the June highs are right there as well.
I will be watching the dollar and how Oil reacts this week

Corn Update

CORN The corn market pushed hard to the downside like wheat.

Price reached the 38.2% retracement level, which is a common retracement level for a 4th wave, before being turned back. Also, notice the nice alternation with wave [2].

At this stage, price action needs to take out the 304 L, which I'm confident will happen. Downside targets include 270, which is the 61.8% projection of [1] - [3] . The 2:1 of a sits at 266.50.

Cycle High

Cycle hi is due early this week. Lets see if we do hit this week.
I am also getting some new projections up to the 1067 area but I am still holding to my previous mid 1000 area but would not be surprised if we ultimately overshoot.