[WTI] POTENTIAL WAVE (V) IN DEVELOPMENT

Long

CFDs on Crude Oil (WTI) (FX:USOIL)

Updated

FX:USOIL CFDs on Crude Oil (WTI)

trendanalysis waveanalysis elliottwaves wti usoil

The trend has remained bullish on daily chart, and that means that WTI should be able to reach 68.5/70.50 area without triggering a pullback. From a technical point of view, the completion of wave (v) should trigger subsequent pullbacks, and most likely reversal patterns should also appear.

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Monitor PIVOT in daily closing

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