Erhan Eker

Crude Oil HEW Update

FX:USOIL   Crude Oil (WTI)
22 0 1
We have completed Wave ( iii             ) and now we are going up for correction. Given the fact that wave (ii) was 90% retracement and Wave (b) of Wave ( iii             ) was 58.6% retracement, Wave (iv) should be very shallow. 23.8% retracement is very likely (but allow 33.3%). From 94.49 fibo level (also 94.53 Murrey Math level) short set up should be considered.
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