US OIL MULTIPLE PRICE TARGETS

2 POTENTIAL PATTERNS, HOWEVER MULTIPLE PRICE TARGETS.

SHORT TERM/MEDIUM TERM:

BAT PATTERN IN FORMATION D LEG TARGETS:

40.52(886), IF 40.52 IS EXCEEDED THEN 37.16(113).

BREAK BELOW 37.16 THEN:
32.38 (786) CYPHER OR
29.36(886) SHARK

Comment:

Previous post targets still valid, However current support at 618= 45.00 break below 43.79 required to trigger 40.58 or 37.16, however break below 43.79 could activate support @ 42.60.
Potential BAT(ALTBAT) pattern probable:
BAT=44.64(886), ALT BAT= 42.59(113). Failure at 42.59(113) then 40.52 or 37.16.

Comment:

Oil has tagged the 886 zone 44.00 and there is the potential for the alt bat @42.61(113) to be tagged before reversing to the upside.
Caution warranted at this zone of 44.00-45.00 for a breakout on either side.