"Oil Bottom" sooner than you think

NYMEX:CL1!   Light Crude Oil Futures
Oil             currently is its last stages of the decline that started in the summer of 2013 and it will place a bottom within the next few weeks. It is declining now in Minute wave v "which will be a 3-wave             decline" where Minute waves i, ii, iii             , iv and v represent the ending diagonal wave 5 of wave (5).

We are expecting wave v to over-shoot to the downside of the ending diagonal and below the arrow represented on the chart which will lead to triggering stop losses "below wave 3" and to increase the bearish sentiment to a new extreme.

At that point of time Oil             should rebound and advance to the upside in at least 3 waves A-B-C towards the 70s~80s area or start an impulsive 5 waves (1-2-3-4-5) to the upside that could take us to new highs in the next years/decade. We cannot tell now but once the prices start to advance we will have more information to call it right.

How can we make money from this analysis? Simple; we have three options:
1-By trading spot or futures (only if you are an active trader).
2-Invest some money in Oil             companies now for few years.
3-Buy long term Oil             future contracts (with 2017 or 2018 expiry dates).

Happy trading :)
thanks for this.
another way to make money, is to buy option (long term contracts) . it´s less risky than futures.
ResonanceTrading options4people
Of course. Thank you for your contribution :)
Awelord ResonanceTrading
Works perfectly hope we see 37's
Yes :)
With Elliott waves we can almost know turning points, but remember, don't try to catch a falling knife. We wait until a consecutive 1-2 1-2 waves develop and then we ride the wave up :)
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