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.
Comments
smitheric1970
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I completely agree, we are still sitting on the upper trendline and I do believe we will see sub 30 prices. Fading the long masses... Most charts are long but we are still in a downtrend until proven otherwise.