Light Crude Oil Futures
Long
Updated

#WTI $CL_F correction setup

Looks to me like oil is set for a 3 wave correction. With the OPEC+ talks on output and the future of the cartel in question...volatility will likely remain high.

Yet if this is a 3 wave correction...we should see a good support around $72.15 to go long.
Note
Correction...NOT $72.15. Entry is $70.87

Disclaimer