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Oil might have finished the first stage of correction

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Contrats à terme sur pétrole brut léger (NYMEX:CL1!)  
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NYMEX:CL1!   Contrats à terme sur pétrole brut léger
Crude Oil Futures WTI (CL1!) Elliott Wave Parallel Channel
14
4
cl1! elliottwaves parallelchannel
A clearly five waves up was shown in oil daily chart. Oi has retraced 61.8% of the last down trend.

It seems that Oil has finished the first stage of correction. It might go back to 36.3.

Good luck for everyone!

Idées en relation

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Elliott wave analysis on oil in weekly chart (2016-04-09)
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Oil is in a zigzag retrace
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Elliott wave analysis on oil (2016-04-01)
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Oil analysis update on daily chart (2016-03-12)
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Elliott wave analysis on oil (2016-01-31)
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Oil month chart elliot wave analysis (2016-01-21)
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Elliot wave analysis on oil (2016-01-17)
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