CalgaryOilTrader

CalgaryOilTrader

Final push down to target. If final 5th goes into extensions then a deeper cut is expected. My opinion only..

CalgaryOilTrader

Bull Cycle "A" nearing completion within a longer term perspective. Bear Cycle "B" could be vicious once it starts !!

CalgaryOilTrader

WTI Oil in corrective 4th wave. Neutral position right now - swing traders waiting for 4th to complete before going long for final 5th of "A" bull cycle. Short term traders - waiting for minor "b" to complete before entering a short term long position for minor 4th- see chart.

CalgaryOilTrader

Target 1 = 42 Target 2 = 40.85 Unlikely unlikely unless bears really take hold