FX:USOIL   CFDs on Crude Oil (WTI)
Although the market seems to be "holding on", it should not be mistaken for a wave 2. I strongly feel that a deeper correction is still due. We will see the prices go lower and then take support at fib levels. The reasons have been mentioned on the chart. If you still feel bullish about the oil             prices, I would ask you to wait and see how it might react before you jump into long trades. Wait till volatility increases and it starts trading out of channels and diagonals. Wishing you the best of luck.

Trade well :)
I did the same analysis yesterday.
+1 Reply
Pranav_Shandilya zhipengcfel
Let's wait and watch.
smitheric1970 Pranav_Shandilya
+1 Reply
You are crazy. This forecast has no ground ....demand is increasing and global economy is in recovery.
Wow. Strong words. Dear BullTradeDS, the markets usually move because of human psychology, not fundamentals alone. In the Long term, I do expect prices to go up. But I expect a correction now.
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