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Joseph_King

Crude Oil Bearish Butterfly

Short
Light Crude Oil Futures (NYMEX:CL1!)  
Joseph_King  
NYMEX:CL1!   Light Crude Oil Futures
Harmonic Patterns crude Crude Oil crudeoilwti Crude Oil WTI brent brentoil
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harmonicpatterns crude crudeoil crudeoilwti usoil brent brentoil
It appears that a bearish butterfly hasn't completed with perfect Fibonacci rations at 7290 as well as .382 of $147/$26.

Crude oil may now correct, either to 0.382 of the C/D line or deeper, possibly back to .236 of $147/$26 and 0.618 of $42/$73.

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