WTI Light Crude Oil Monthly Chart- With Possible Wave Count!

Current crude oil price may retrace to as high as 58.8, then a possible new drop to as low as 53.5.

Then a big correction may followed to trade higher above $60/bbl.

LONG TERM EVENTUAL TARGET MAY BE TO AS LOW AS $20/bbl.

ONLY SUSTAIN TRADING ABOVE $80/bbl negate this scenario!