Watch oil collapse within a couple of years

Light Crude Oil Futures (NYMEX:CL1!)

Updated

NYMEX:CL1! Light Crude Oil Futures

USO WTI

uso wti

Currently trading the upwards correction to 60-70. Then I am afraid we are going to see oil collapse in price..

Comment:

Correction to the chart: Since wave 4 can't enter wave 1's area, we might instead have now a upswing to around 60 for an extended impulsive wave 3.

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