nikitafx
Short

WTI Oil Price is now wave C-4 (Nikita FX )

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
901 0 3
This is my latest wave analysis of WTI Oil             Price so far.
I would say still wave C-4 is going on right now. The most important thing is weekly
Double breakdown was accomplished through the Long term upward trend line (Black line).
Which means an extended Fib. 161.8% of the triangle width might be able to be calculated
from the breakdown point of the triangle bottom line (Blown line). The target will be at 31.43
which will complete the bottom of wave C.

Long term view is SHORT.

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