AndyM

Crude WTI: Wave 5, I Miss you. Target 63 then down.

FX:USOIL   CFDs on Crude Oil (WTI)
Although Crude has broken below the multi-week trend line, I still have a feeling of a mission _un_accomplished. Still missing some sort of a wave 5, in any shape. It may take time for wave 5 to appear but it needs to happen. Without it there is still some residual buying momentum left in the market, which needs to be discharged otherwise risking a short squeeze.
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