BLUE43

USOIL FINALY R3 DIV GOING

FX:USOIL   Crude Oil (WTI)
225 3 30
....
Comment: bounce as expexted on R3
Hi Blue, pretty cool analysis (as always) many thanks for sharing :)
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Pretty close to a 50% retracement from 26ish to almost 52ish. I was hoping to see 38.66 but the double bottom stopped that. Not many shorts left but they will be kept on a tight leash. Do not have a good feel for where the bounce might take us though in round numbers we might see 46/47 of some fibs in between as you illustrate. There will not be 80 oil for a long, long time
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