It feels like USOIL is poised to rally again (though can dip to make a new low). At least in wave C within a bigger corrective structure. The big picture is very difficult. Partly, I am taking my comfort from CRB chart that also looks bullish till the end of the year but can be very choppy as it is in final wave E of wave 4.
Hence I am not putting much emphasis on a bigger picture and will be trading oil cautiously expecting a turnaround anytime.
Hence I am not putting much emphasis on a bigger picture and will be trading oil cautiously expecting a turnaround anytime.
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts