Oil rebound ran it's course. The Primary Trend is still down. The best case scenario is making a double bottom around 8 by year end. the worst case???
Comment:
IN PROGRESS. ANTICIPATE SHORT REBOUND/CONSOLIDATION AROUND USO $10
Trade active:
rebound to 10.2 as anticipated. looks like downtrend to resume
Comment:
SEEMS LIKE ABC COUNTER WAVE IS AT THE C WAVE. TARGET 10.80. LOOK FOR SHORT ENTRY THERE