Crude Oil

١٠ أغسطس

Next week should be interesting for oil. So far it have finished last wave of EW witch happened to match top of the ascending wedge and retesting point of the trendline. Possible correction to red zone what I have marked and a breakout to a HH,or it just going to carry on with a rally towards north. I'm quite bullish on Oil, I think on bigger charts it really has where to climb higher. There are really many options, I am sharing four possible scenarios, I guess only time will show how it will plays out.