OIL
Updated
Ultimately I see oil dropping to a retracement level after this retracement level has been reached. I see it following this similar trend, although it may not happen as quickly.
Note
My bottom target for oil would be 86.Note
Looking for an impulsive move to hold over 95 to confirm the end of this bearish wave.. If holds over 95 within the next couple of weeks then it is due for a long ride to the upside
Disclaimer
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.