ArthaVidya

CL Targets - Next Week 67.80 / June 73.22 / July 77-78

Long
ArthaVidya Updated   
NYMEX:CL1!   Light Crude Oil Futures
Although the shadow has gone wider than previously thought (S&R), I'm convinced next week CL1! begins the next impulse wave (3rd). For the week I'm targeting 67.80$ towards 0.382 fib retracement, for the whole month 73.22$ toward 0.618 fib extension, and in July ending the third impulse at the 77$-78$ range (both 1 fib extension from the first impulse wave and the 0.618 fib retracement from the 2014 highs).
Trade closed: stop reached:
Major fail. Broke support. Need to reassess.
Trade active:
Monthly targets back in play.
Comment:
June Target Reached
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