salsapete

So what is US Oil up to ?????????

TVC:USOIL   CFD pada Minyak Mentah WTI
3
Looking back to Y2K , I have a scenario with US Oil completing a Primary cycle in Jan 2016.

From this low of around US 25 , Oil has completed an Intermediate Wave 1 and is presently in a protracted ( complex sideways corrective combination) Intermediate Wave 2.

If we take the Wave 2 at reaching an extreme of say .618 of Wave 1, then I have US Oil at US 35.77 ( which is the weekly Pivot S3).

From this point, a future impulsive intermediate Wave 3 could take Oil to the 1.618 extension near US 80. :)

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