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SirajHudda

CrudeOil Forecast!!

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
SirajHudda  
FX:USOIL   CFDs on Crude Oil (WTI)
Crude Oil #wti#crude#oil#short WTI Elliott Wave forecast short brearish
5
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crudeoil #wti#crude#oil#short wti elliottwaves forecast short brearish
CrudeOil has reached all its target as per Previous Forecast. Crude has gone up in what looks like a 3 Wave up move where Wave A = Wave C after which it started to decline and made a bearish candle stick pattern of bearish engulfing pattern. There has been consistent divergence with MACD for the wave C up move indicating that this is perhaps not a 3rd wave rally. I would expect CrudeOil to fall towards 40 levels as first targets and then expect atleast 61.8% correction around 35 levels as second targets. Lets see how it unfolds further from there..

Happy Trading!!

Siraj Hudda, CFTe

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