Oil Correction Too Short To Be Over

TVC:USOIL   WTI 原油差價合約
Oil remains most likely in correction mode for the time being. We can count 5 waves off the January peak. The subsequent bounce counts as a double zig-zag , which reached the 50% fibonacci retracement . Oil has been notoriously complex during the past years. We should not be surprised by some complex followthrough for the current correction instead of a simple zig-zag as we suggested here for the past couple of weeks. Weather it remains simple or complex – the correction will most likely persist.

S/L 62.60
T 57.75
評論: -2.5%
The January peak might just be an extended wave 3, instead of wave 5. I think the wave 5 could be in $75-$80 area, maybe around May?
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