WTI CRUDE OIL: incoming uptrend

FX:USOIL   CFDs on 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.


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


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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