Actually looks to be viable. I actually believe oil is on a progression upwards as a macro trend. It is an indicator that can be worrisome for the overall market, but If it drops to 45.83 That is the .5 for its wave 4.
Target 65 if it bounces from there. If wave 4 has completed at 47 then target 60 for Late Spring early summer
Target 65 if it bounces from there. If wave 4 has completed at 47 then target 60 for Late Spring early summer