Joseph_King

Crude Oil Long, Heading to $50.18

Long
Joseph_King Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Wave 1 could complete at $45.92 today with a correction to $44.35 (50% fib of W1). Wave 3 should take it to $47.96 (1.618 fib of W1) and correction to $46.16 (50% fib of W3). Wave 5 should take it to $50.18 (1.618 fib of W3) which meets the downward channel top that dictated the falls from $53.80 and $52.00
Comment:
First TP hit at $45.92

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