Quick look at some things we're following

A very quick look at some of the markets we're following ... Here's oil, yes it poked a new low, yuck! It's "supposed" to have good support at 39, or failing that (!) at 33 - bullish divergence still appearing in the RSI, so I won't rework the Fib. retrace lines unless this new low doesn't hold (since the calculated numbers with retrace lines will be off only by pennies):


Bonds ... my big question in the $UST being, is landing 5 cents away from the Fibonacci level, enough to have put in a cycle top? The RSI negative divergence is quite slight - could be enough if the last wave up is counted as a "C", but would expect more negative divergence on a fifth wave (including the fifth wave within a "C") ... will have to look at price and volume action from here to discern the answer:

And steel ... kinda looking for it to make a nice long trade, and it's playing along with light volume on the current pullback. Not to mention, looking like it's tracing out the right shoulder of a reverse Head & Shoulders pattern for an upcoming long entry. Need to play it carefully by the rules, so to speak, including looking for a classic trigger bar for the swing long buy. Maybe it will wait long enough for a nice New Year / portfolio rebalancing entry? or maybe a good entry arrives before the end of December?