cfetrader

Future Oil price scenarios

FX:USOIL   Crude Oil (WTI)
56 2 3
Unless a clean upward break of the declining wedge takes place soon, two possible patterns could dominate future oil             prices (technically), a rounding bottom and a three drives bullish formation. In the first case the target is 39.45, whereas in the second 35.13.
cfetrader
a year ago
PS: The wedge could also hide a potential bullish Wolfe wave. Future price action will validate or not this assumption.

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cfetrader
a year ago
For the sake of completeness, a more varied set of possible patterns is presented herein.

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