Crude oil literally bounce from abyss and although crude oil cost nothing in the April, now the price is pretty high, moving around 40 USD level.
However trend probably changed and now we are in some kind of downtrend, because we got 5 wave rejection from the top. Plus price is currently moving in the channel, so ABC correction should be finished very soon, but because we are moving above some key moving averages, I will wait for some strong rejection, before I enter SHORT.
However trend probably changed and now we are in some kind of downtrend, because we got 5 wave rejection from the top. Plus price is currently moving in the channel, so ABC correction should be finished very soon, but because we are moving above some key moving averages, I will wait for some strong rejection, before I enter SHORT.