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Zoen_Trieste

CLFO: Potentially Ready For A Correction

Short
Crude Oil Futures (Jan 2020) (NYMEX:CLF2020)  
Zoen_Trieste Updated   
NYMEX:CLF2020   Crude Oil Futures (Jan 2020)
Supply and Demand Elliott Wave Gann Box CLF2020 oiltrading oilprice oilforecast oilshort gannanalysis gannangles EW
20
4
supplyanddemand elliottwaves gannbox clf2020 oiltrading oilprice oilforecast oilshort gannanalysis gannangles ew
Seemingly oil has completed a five-wave sequence. The structure seems odd, but overall this scenario seems to have some weight given the closing of the week where bulls decided to take profit. I expect that next week starts off red before another bullish leg. It makes sense to look for fading setups in the lower timeframes.
Trade closed: target reached:
Easy 1R return
Comment:
One of the potential scenarios
snapshot
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