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DaveKoehler

USOIL near term downside target: $67.25

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
DaveKoehler  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Wave Analysis Crude Oil WTI EWT usoilshort usoilforecast usoilprediction usoillong usoilanalysis usoilsell usoiltrade
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trendanalysis chartpattern waveanalysis usoil ewt usoilshort usoilforecast usoilprediction usoillong usoilanalysis usoilsell usoiltrade
Short Term running flat correction looks most likely. Downside target is $67.25 to $66.17.

If it starts to play out that way, it could turn around short of that target since it's running flat. But it looks pretty flat, and so I think the target makes sense.

Next move after that would probably be to the upside, but it could keep going down depending on momentum, fundamentals, etc. Have to wait and see what happens. Cheers -
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