ewtrader86

Oil to make a final decline before long correction

FX:USOIL   CFDs on Crude Oil (WTI)
262 0 6
There is no RSI divergence yet for the blue cycle. A lower low in this cycle is preferred. The highest possible target of incoming decline is around 24.20. After that. We will have a long top side correction likely take us to the mid of the year. In the larger cycle. There is another 5th wave ahead of us later this year.
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