WTICOUSD up to 40 usd free fall. The exchange rate builds a second downward wave of a dual wave structure. Its size may be similar to the first one. Therefore, the current decrease could be about 23% from the current level. The exchange rate drops close to 39-40usd. Correction is made when the exchange rate is in contact with the axis of the wave axis. No further major correction is expected. You can reach the 40Usd target price within a week.
I agree. Trends on all major and minor time frames are for the south with this one. Drat!! Hadn't spotted that cash cow to short, sooner!! :))
meszaros
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@Captain_Walker, Yes, I agree with you. Unfortunately I am planning on the oil for the third time. I was expecting a higher level from the turn. But panic is bigger. On the other hand, if you would try 40 USD, then the target price would be higher in the rise. If you turned 53 usd levels then I counted 80USD target price within two years. If you turn 40usd, then the two-year WTI target can cost 120 usd.
Captain_Walker
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@meszaros, Panic also determines trends. Follow the trend. :)