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Elliott wave analysis on oil in month chart

NYMEX:CL1!   Light Crude Oil Futures
Five month ago I posted a month chart on oil             with elliott wave analysis. And we detected the bottom was coming at that time.
Oil month chart elliot wave analysis (2016-01-21)
Now oil             is coming to an important level. If it breaks up, it will confirm the uptrend going further. The previous breaks down which was made last year will be a false break.
For a short time, it might retrace back.
Trading 4#: Trading setup for usoil
But for a long term it will break up. Pay attention to when it will break up, open the long position and hold them for a long term.

Good luck for everyone!
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