there are many factors indicating demand increase, that is not yet in the price due to Harvey (refinery shut down). This is just an idea for Long and is NOT a buy recommendation, considering that ABCD pattern is a bearish setup. in similar way, brent should go to about 55 - just want to track if this is going to work.
any comments are welcome, but cannot promise would answer them here
any comments are welcome, but cannot promise would answer them here
Note
here is a closeup look with potential targets
i don't trade wti or CL- but will see
Note
the first target box is hit nicelyNote
looks like correction in the first target box is close to an end, expecting further move upwards, accompanied by speculators screams of crazy oil and wasting money on longsNote
Note
At the same time, we may see a deeper correction on FridayTrade closed: target reached
Woo-Haaa!!!! Golden Brick is reached!
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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.