OIL - wave (c) is about to start

We've got a pullback from 233 SMA and the channel's lower side, so there's an opportunity to have wave (v) of {iii}
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hopefully wave c of the ABC corrective wave of (iv) ended at 49.46 (but could go a bit lower) and wave (v) to complete circle iii will start. i'd put a SL under 49.00
nice... what is your target entry?
Folks, pl ponder over the following points (a) if Oil was really in great demand, there was no need for a person like Putin to attempt cartelise the markets (b) there was no need for Saudia to make all out efforts to sell off the ARAMCO shares... (c) if exchanges were to enforce 100% margin and physical delivery, the actual price of oil will reflect on these exchanges.. which would be probably not more than $20... be careful if going Long... this could be very well be a trap for the Retailers by smart money.

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