WTI OIL last wave up, for now

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Hi Traders,

The WTI OIL (now at 102.52) is set to start the last jump to the area 103.73-104.32 before engaging in a  retracement to 100.71 and maybe to the area 99.21-98.83.

TARGETS:

first up to area 103.73-104.32
then down to:

likely: 100.71
possibly: area 99.21-98.83
maybe: area 97.82-97.23

ELLIOTT WAVES

The weekly chart displays the completion of wave 4 around 91.30 and the nearly completion of wave1. The 4-hour chart shows 8 waves up out of 9 and so the 1-hour chart. Wave 9 should reach the area 103.73-104.32. Then we should have a reversal.

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