cmpmcl
Short

Short term Elliott downside cycle, imminent wave 5 ...

NYMEX:CL1!   Light Crude Oil Futures
I think that wti short term down trend can resume soon with a reversal in the area of the rectangle in the chart (end of wave 4). Thus maybe wave 5 can complete the down cycle at about 36 (or above too, but at least 39 to a double min) before the main up trend can resume its way to the upside.
seems like we are being short squeezed. why not 44.5?
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