NYMEX:CL1!   Light Crude Oil Futures
159 0 4
Crude Oil             sharp Bounce coming for target 40-42 like emoticon
Its now in process of building gaint ending diagonal and I expect its real bottom is 26 and once it go 40 or 42 then again sharp decline to 26 expected.
We are now Bullish at the moment.
We will look to target 40 levels from here which is ending diagonal wave D from where sharp decline once again expected for target 26.
Trading recommendations :
We will go long : buy now 30 level stop 29 target 40
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