The AWCX closed up to end this week at $75.25 currently we are sitting at a long time Fibonacci retracement. Since the war on Iran is influencing the price of oil this week we are looking at testing the 20 week moving average closing next week down another 1%. If by chance we break down past the 20 day moving average we are possibly looking at a 7% decline in the short term. If by luck things turn to the brighter side we could bounce back off the 20 day MA and gain 4%, but this is a long shot for the Emerging Markets. The dollar is lowering, if this dollar devaluation tends to trend downward a more bullish stance on emerging markets will be warranted.