5 impulse waves down crude oil...ABC up... followed by bigger degree C downwards equal to wave A... Saudi oil is going to be back to normal production and recent inventory numbers show a surplus... Will take a short around $60 level if continues up.... OR break of current support with stop at 58.60... target is red line at bottom of chart...
Note
EDIT: If break of current support... my stop will be 59.50 NOT 58.60
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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.