CFD pada Minyak Mentah WTIDiupdate

USOIL triangle correction (2017-01-13)

USOIL is quite choppy in the last half year.

This is 1000/usoil chart which is more clear than usoil to tell us what is going on. After the quick decline in the first half year of 2016, 1000/usoil is in a large triangle correction. The wave E is going on now.

We should see a rise for 1000/usoil to complete the wave E which means usoil might have a drop in following weeks.

Good luck for everyone!
Catatan
1000/usoil has chance of breaking down the neckline and starts the rapid decline without wave E. Buy the pull back of oil is more wise. Trade in long-term is more profitable.
Catatan
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Pay attention to the decline channel.
Catatan
Oil's move is quite confusion currently. If you are a long-term trader, I suggest waiting for the pull back to go long. If you are a swing trader or short term trader, I see a quick pull back in short term.

Good luck!
Catatan
It is going to break out of the wedge.
Catatan
It is in a wave (C) down. It should contain five waves. Target is around 48.8, if it can break out of the wedge.
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Catatan
Really choppy oil. Pay attention to the support line and resistance.
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