CFDs on Crude Oil (WTI)Updated USOIL (WTI). Corrective structure is going to finish soon.
The price of oil is finishing the corrective structure (a-b-c)
with wave c completing a possible ending diagonal.
It could reach out to 50 area.
The wave c is already longer than wave a, therefore we will see another drop afterwards.
The minimum target for the anticipated drop is located at the earlier low at 42.34.
with wave c completing a possible ending diagonal.
It could reach out to 50 area.
The wave c is already longer than wave a, therefore we will see another drop afterwards.
The minimum target for the anticipated drop is located at the earlier low at 42.34.
Note
none of downside triggers were pulled as yet
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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.