USOIL Futures-Daily (an update)

We have a nice wedge in daily chart. I think, Oil will be chopping for another 1-2 weeks before it starts Wave#3 in MT chart (down). Maximum up is $64 which might come via Venezuela news (i.e., Russian troops arrived yesterday to Venezuela) or as collateral move to Equities.
Trend AnalysisWave Analysis

Related publications

Disclaimer