#WTI, #USOIL, #CRUDEOIL, #CL is in complex correction cycle

TVC:USOIL   CFDs on WTI Crude Oil
Trading is not like fairy tail Jack and the beanstalk. Price does not move like a straight line. At least most of the time it doesn't. Instead it moves wave by wave with shorter and longer corrections until it finally finds a point from where it cannot proceed any further and reversal happens. In case of US WTI oil we have been through a nice long run recently. Now I expect a correction where short term short trades can be applied although the major trend is up. So this counter-trend trade should be implemented by real care. I can be wrong of course.
This is not a financial advise. Do your own research and analysis.


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