MERCmethod

Crude Oil: $62.75 then sub $50

OANDA:WTICOUSD   West Texas Oil
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I think you are bang on the money with this analysis , however I think it will take much longer for pattern to play out, something like WAVE 2 completion end march, wave 3 completion early May, wave 4 completion June, then wave 5 to be extended 5th through til year end, i fancy full blown recession 2nd half of year, oil tends to be seasonal with lows in autumn/winter also I feel oil will follow indices
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MERCmethod Trendhopper
Very possible @Trendhopper, hopes for a manufacturing turnaround in the US were struck a blow but import/export data out of S. Korea & China are positive. Could be due to price base effects, time will tell!
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