It'll continue to 39,5 or it'll start downstream from monday morning next week? Fundamentals are pointing down, ElA&APl are full of oil.. Rig Count is even lower - Canada too. And not to mention Russia..
1. AB = CD overshoot 2. no retracement yet 3. TBL became short after 35.17 4. strong restistance level 36.07
If the wave counts shown on the chart is correct, then one possible scenario is that the prices will linger around the red trend line in between 30 and 32 dollars range for a while before making a push (as 3rd wave) to the 37-38 dollar range. So there is still time for the move to occur. Good Trades
Brent forming a bat pattern if it drops to $28 Should apply to WTI as well
Our predicted Entry point is reached and prices bounced back at this point as predicted. For the ones who have missed a good Entry point I give another one, of course if price ever comes back to this point. Good Trades. Note: For Canadian (and also international) investors, HOU.TO is a double bull high profit ETF. At around 3 dollars a unit a very attractive one...
short to 30.50 - 30 then long to complete deep crab pattern to 35.00