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jsaettele

Crude Oil (WTI) Bearish Elliott Pattern

Short
Light Crude Oil Futures (NYMEX:CL1!)  
jsaettele  
NYMEX:CL1!   Light Crude Oil Futures
Wave Analysis cl_f USO
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waveanalysis cl_f uso
Crude tanked today in what I’m viewing as the beginning of wave C within an A-B-C decline from the March high. Weakness from the March high would consist of 2 equal waves near the January high at 53.93. Low 59.00s is a possible bounce level. For more analysis and ideas, visit scandinavianmarkets.com/news/ .
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

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Website: www.krilogy.com/
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