Sunday, April 16, 2017

#WTI Oil Daily Elliott Wave Count

#WTI Oil Daily Elliott Wave Count

Trade Thoughts - Long against $46.00 preferably from the $50.00 level.

Targets - $60.00

Oil seems to be near the end of a rising wedge (Leading Diagonal) A wave that will complete near $60.00 before a B wave pullback.  

WTI Oil Daily Elliott Wave Chart

WTI Oil Daily Elliott Wave Chart
WTI Oil Daily Elliott Wave Chart