olajide11

BEARISH CONTINUATION

Short
NYMEX:CL1!   Light Crude Oil Futures
10
CL1! (future) Crude oil. pullback at 41.77 for wave (c) of major wave (IV). Also price develop a pin bar at 62.03 of 161.8% Fibonacci extension of wave (a) to wave (b). Also
however impulse waves of wave (V) is expected to establish to 161.8 Fibonacci extension level of (IV) from 42.10 to 62.38.

CL1! is positively correlated with Heating Oil, Gasoline, and other Oil ETF's.
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