Russian President Putin said World Economy will be collapsed if Oil Price will be below $ 80. (Cf.: youtu.be/CCJvi-zLEhQ )
However I would say that it will be declining down to TP 1 ( 71.51 ) at least. Because its Diagonal B-abcde was broken..... TP 2 (approx. 61.10) will be also possible and the worst case is Red Alt. (C ).
On the other hand, Total wave (B ) is consolidating within the Green Zone ( the bottom will be as same as TP 1 as of First week of Jan. 2015), therefore it might be able to turn up dramatically to the Blue Alt. (C ).....What do you think ?
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.