hehe
Long

$OIL - 7th WAVE - Kingdom for a bottom !!!

NYMEX:CL1!   Light Crude Oil Futures
1217 4 15
... imo             - in the seventh wave is still missing one sub-wave / without the next extensions /:

snapshot

... If the above assumption is correct:

snapshot


GL!
Trade closed manually: ...
... if $28,78 will be broken:

snapshot
+2 Reply
Hmmm,.. Looking back now at '08-'09, it took oil about 3-4 months to base. If we duplicate this holding pattern to April-May, it will give time for the equity markets to catch up to oil.
Reply
hehe mika2k1ff
... the main question is ... how much Iran has oil in storage ... imo.
Reply
Probably all of that is already factored in the price..
But very interesting last few candles and volume on the USO chart, and I especially like the one on Friday. Definitely something going on:
snapshot
+1 Reply
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