Lightsweet
WTILong term - Trend down. Rising wedge + fibonacci levels.
Dear traders, open positions with Stop Loss
2 scenarios for oil1. 5th wave in C has started
2. (B) wave in triangle correction ABCDE in 4th wave has started. This means, that 5th wave will be much later, but I think this is not what is exactly happening on oil market.
For me scenario 1 is more preferable.
In any scenario just keep calm and short oil, when it breaks 47.06 support.
P.S. always use stop loss. Always. Yes, ALWAYS!
CRUDE OIL Just make technical analysis.
I suggest to open positions with pending orders.
Stochastic overbought
