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Fomenka
Mar 17, 2024 5:40 PM

#WTI Update 

WTI CRUDE OILTVC

Description

The bigger picture remains ambiguous about what will happen when the price rises to around $83-85.

The blue and black scenarios are concrete; wave [C] should contain either a diagonal or an impulse. The green scenario is the least certain because wave b could be anything.

However, given the time it took to get to where we are now and the growing disproportions, the likelihood of the green scenario is much lower.
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