ew-forecast

WTI Crude Oil Elliott Wave Analysis: Looks For $100

NYMEX:CL1!   Light Crude Oil Futures
1585 0 0
On crude oil             we can see some bearish reversal from 99 level, which we think it's wave B, still only second leg of a minimum three wave rally up in wave 4). Ideally this wave B will find a support in this week somewhere around 94.50-95.60 area from where we expect a reversal up in wave C towards 100 psychological level where move from 91.70 could complete a contrat-trend reaction. http://www.ew-forecast.com
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