Oil rebound ran it's course. The Primary Trend is still down. The best case scenario is making a double bottom around 8 by year end. the worst case???
Note
IN PROGRESS. ANTICIPATE SHORT REBOUND/CONSOLIDATION AROUND USO $10Trade active
rebound to 10.2 as anticipated. looks like downtrend to resumeNote
SEEMS LIKE ABC COUNTER WAVE IS AT THE C WAVE. TARGET 10.80. LOOK FOR SHORT ENTRY THERE
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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.