mariodconti
Long

WTI CRUDE OIL: incoming uptrend

FX:USOIL   Crude Oil (WTI)
Hi Traders,

WTI OIL             is very close to the support in the area 75.62-74.94. The sputtering downtrend is "kicking the bucket" and the start of a new uptrend is only hours away.

TARGETS

First down to the area 75.62-74.94
then up to the area 87.53-87.62 (for a start)

ELLIOTT WAVES

The weekly chart shows that the A-B-C will be completed by reaching the area 75.62-74.94 where a new uptrend should kick in. The 4-hour and 1-hour charts are clearly sounding the bell as OIL             is staging the very last sub-minuette wave down to the target.
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