ell

FeilongXue FeilongXue PRO USOIL, D, Long ,
USOIL: Elliott wave analysis oil daily chart
205 1 9
USOIL, D Long
Elliott wave analysis oil daily chart

Wave five is ending diagonal, it then followed by a sharp 5 sub-wave correction. The current market is in B wave which correct previous wave A, I don't recommend to enter B wave, we should watch carefully and anticipate c wave.

WallStScalper WallStScalper PRO USOIL, 240, Long ,
USOIL: Dancing (Blood) in the streets  - EW on USOIL
497 6 5
USOIL, 240 Long
Dancing (Blood) in the streets - EW on USOIL

I see a bottoming process here for crude. For the first time since the june 2014 decline began the ma's are flattening and even the 50 ma is pointing up now (50ma not shown) The bollinger band is narrowing in and todays price actually stopped at the lower daily bollinger band. I'd say price has set in the low on the 13th of jan and has completed it's first wave ...

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