Oil running an impulsive wave towards 58$ a Barrel
after the inventories today oil traded near end of wave (5) of (3). a three corrective pullback will be completing wave (4) at which we will be
adding positions to turn south targeting 67$ a barrel as a first target.
on a larger frame wave (B) cycle may reach 55$ a barrel before turning north again reaching 100$ long term.
adding positions to turn south targeting 67$ a barrel as a first target.
on a larger frame wave (B) cycle may reach 55$ a barrel before turning north again reaching 100$ long term.