elroytrader1

$ITI Elliot Wave

Short
NYMEX:ITI1!   None
As $ITI has not exhibited an upward EW pattern before, all we have to go off for a fractal match is to overlay the first and second waves. This gives us a pullback from the current position back the to 61.8% fib (around USD64) and then a further run up to a high of USD96 before falling back again.

Of course, as always this depends on the Chinese economy, and now the new factor of potential Trump and Brexit tariffs.
Trade closed manually: Came sooner than planned.