usoil updated, 38.20 reached, going to our last target

Put the chart on weekly to understand why I have a fibo bottom at 22.22 for the day it fell to -40. That fibo from highs to 22.22 gives us the first target at 38.70 with dilation 0.50 to 38.20. And the last target of our short swing at 35.00, with dilation to 34.50. Right now it can recover in wave 4 before going back down. The recovery may be to 39 or 40, I don't know, but it would never be more than 40.20.
the end of our short trade is near.
Trend AnalysisCrude Oil WTI

Related publications

Disclaimer