Crude Oil Futures (Sep 2018)
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Bullish CL scenario

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Because bear scenario is unclear, also looking at what a bull scenario will look like. The recent 5 wave up provides a 61% area for a bounce back up, which it may have hit with an ABC correction.

This would mean it's working on the 1 wave or maybe the 1 and 2.

In either case it's likely to be choppy until the 3rd wave shows up.

If a big move up appears, I will be looking to enter aggressively if it's above the recent 1 swing.

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