Hi Traders
The WTI OIL (now at 97.37) is staging a correction to $100.29 or higher.
TARGETS
likely: 99.17-99.56
possibly: 100.29-101.04
maybe:101.98-102.17
ELLIOTT WAVES
We are witnessing a "two-steps pattern", a 1-2-3 correction upwards (4-hour chart). Then the downtrend should resume.
The WTI OIL (now at 97.37) is staging a correction to $100.29 or higher.
TARGETS
likely: 99.17-99.56
possibly: 100.29-101.04
maybe:101.98-102.17
ELLIOTT WAVES
We are witnessing a "two-steps pattern", a 1-2-3 correction upwards (4-hour chart). Then the downtrend should resume.
Weekly chart, click to enlarge
Daily chart, click to enlarge
Wave oscillator applied to the daily chart, click to enlarge
4-hour chart, click to enlarge
wave oscillator applied to the 4-hour chart, click to enlarge
1-hour chart, click to enlarge
