Oil running an impulsive wave towards 58$ a Barrel
after the inventories today oil traded near end of wave (5) of (3). a three corrective pullback will be completing wave (4) at which we will be
adding positions to turn south targeting 67$ a barrel as a first target.
on a larger frame wave (B) cycle may reach 55$ a barrel before turning north again reaching 100$ long term.
adding positions to turn south targeting 67$ a barrel as a first target.
on a larger frame wave (B) cycle may reach 55$ a barrel before turning north again reaching 100$ long term.
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Disclaimer
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.