Crude completed its 5th wave

Seems US Oil has completed its 5th wave of down move and is getting ready for either UP move or Deep pull-back.
It broke the local trend line and is making a nice flag on the line...

Check out 2 related ideas at the bottom too

Fundamentals that are supporting the idea:
1. Discussion about oil output cut at OPEC
2. Iran Oil sanction
3. A decrease in Crude Oil Inventories numbers forecast (tonight)

Commentaire:

Ordre annulé:

It could not stay on the line after the surprising news (Inventories numbers)

Transaction en cours:

Touched my target (Second spot of the 5th wave)

Trade fermée: cible de profit atteinte