Wednesday, 9 January 2019

CrudeOil, WTI, Futures

Conundrums aside. Back to the bull. Primary wave [3] kicks off with a clearly impulsive pattern for the first minor wave. Once the [iii] completes (now meeting resistance) then [iv] should go down close to (iv) before heading back up to complete minor wave 1 at $54.0 ish. Then the correction of minor wave 2 will look for [iv] and may even target [ii].

The above projections are based on the average typical patterns and constitute a snapshot during a dynamic pattern development. A momentary guideline can in no way be assured of achieving the apparent target. Constant review is required.

LINK:  Previous chart for WTI Futures

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