Completed its full circle of Elliot wave i.e. 1,2,3,4,5. Completed counter waves of A, B and in the process of completing C. Stuck up in the circle.
The Lower white line is not likely to be broken. C wave likely to be broken within this line.
For execution we will have to refer to 1H Chart. 1H Chart shows price above 200 SMA but 100 SMA is below it. May, take some candles to reverse the situation and may be by Wednesday(i.e.) inventory day of US oil become fully bullish.
Please refer to my earlier posts on US Oil.
This is just for educational purposes only. I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
