Perfect Bearish Butterfly setting up on USOIL Daily ?

WTI CRUDE OILTVC

Description

⋅ Apr 24, 2017 2:52 PM

if point c is created at the marked horizontal level , which is also 78.6 % of AB , a perfect bearish butterfly maybe in the making ... what say ?

Comments

tankbell

⋅ Apr 24, 2017 11:39 PM

Don't think it will push above 51. Domestic oils off 2% today. Over supplied and growing.Need to see firmer prices on this continent before I would look any further out as bullish to $60 short term. 52 week trend line around 48.35