JUNE ENERGY UPDATE

June 3rd has the potential to OPEN similar to May25th and recover as well

BUT the similarity stops there as it might be possible to set a lower low or at least
match the previous low on June 7th on a closing basis

I can see that May 25th might have created a WAVE low at 1040,
but that would mean June is set to create a retrace wave against a downtrend

That might or might not the case, OR somewhere in between
heres what I mean

May25th LOW say minor wave 1
Now minor wave 2 to June 16-17
BUT in between can be a little more tricky

We could see a RETEST of MAY 25th low at 1040 on a closing basis on the 7th
THEN the rebound to make wave 2 thru June 16-17

Jay