USOIL as long it don't break 65 , target is 110, 130 and higher . . i see high chances that wave from 66.4 to 78.4 is a wave 1. price actually have to finish wave 2 ( without breaking 65 ! ) . i after that usoil break 78.4 with a great bullish engulfing, high chance to see a wave 3 piercing 100 level easely
WTI *Intermission: The bullish candle is still tethered to the high of the Inside Day candle (at 71.065), which means that it can potentially drop back down to consolidate again within the pattern if a candle in the new hour doesn't "clear" past the Inside Day's high.
I just wanted to mention that I've been observing the correlation between Crude Oil and USD/CAD for a week now and will until the New Year. After a week of comparing the two, they have a very high inverse correlation that's so far reliable. I can't confidently announce yet that you can double dip in profits to trade both until I'm done with my price action observations.