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Chadison-Brosevelt

EXCELLENT Risk to Reward Oil Long

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CFD pada Minyak Mentah WTI (TVC:USOIL)  
Chadison-Brosevelt  
TVC:USOIL   CFD pada Minyak Mentah WTI
Wave Analysis Beyond Technical Analysis Crude Oil WTI usoillong
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waveanalysis beyondta usoil usoillong
Oil's current price structure suggests another impulsive move is on the horizon. Due to the current fundamentals...OPEC scrambling to prop up the market, huge chinese monetary stimulus and a great manufacturing outlook... prices are more likely to push up from here. EXCELLENT risk to reward here with a stop at the most recent low around 49.20 and a wave 3 target that is 1.618 times the length of wave 1 (about 9.65%)... $55 is my first target to take some profits. IF my idea is invalidated, I will only lose a max of 3.5%.

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Thanks for checking out my idea and I encourage comments/ constructive criticisms.
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