Technical Analysis: - As you can see in the chart, the medium term correction is finished in the wave II in red. Now we expect that CL(Crude Oil) goes up at least in 3 waves to around $105 - H1 & H4 Right Side are Up - CL seems strong in short term
Technical Information: - We like to buy CL in wave (2) in blue around $77 as hedging
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Technical Analysis:
*********** OUR LAST DAILY CHART IS CONSISTENT WITH THE NEW CHART ***********
- As you can see in the chart, CL is finishing wave 1 in red. Swing trader must wait for wave 2 in red to be completed in order to buy - Position trader must wait for wave II in red to buy at around HKEX:50~52 - H1 & H4 Right Side are Turning Up - CL continues to seem strong in short term