USOIL on wave 5 of C

FX:USOIL   CFDs on Crude Oil (WTI)
278 1 8
Looking at a wave 4 correction and expecting oil             to to go 54.
Hi TAS - do you really believe going long on OIL is a good idea ? US producing more shale oil, and no-one in agreement to cut production. Can't see anything other than between $40-50 myself...
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