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Fomenka

Watching Oil

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
Fomenka Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Elliott Wave
5
0
elliottwaves
Crude oil continues to subdivide in 3-3-3 pattens which reinforces bullish stance. I might be completely wrong. Oil is very, very tricky. Nevertheless, I keep watching oil stocks very closely expecting them to bounce any time soon on the back of some news from the Gulf and knee-jerk reaction by the oil price.
Trade closed manually:
wow it is breaking to the downside prior to EIA stocks announcement and in synchrony with SP500
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