Translate

Tuesday, January 7, 2014

Crude Oil - The downside potential is becoming limited.

(Please double click on the chart to see it better)
Crude Oil:
 
As long as minor resistance at 94.58 protects the upside I will be looking for a decline closer to the ideal target at 92.20. That said, the downside potential is becoming increasingly limited and from 92.20 or above 94.58 look for a wave iv correction towards 95.40, before the final Fifth wave lower towards 88.54. 

No comments:

Post a Comment