cloudichimoku

UWTI LONG

AMEX:UWTI   None
0
Bullish MACD cross, bullish Parabolic SAR on daily and weekly chart along with a wave 5 bottom of the Elliot Wave cycle on weekly and daily chart as well. A bullish TK cross and price will soon enter the Ichimoku Cloud and most likely exit at around 11$ but i expect OIL prices to start surging soon and price might go much higher than 11$. Looks like a double bottom has formed also.

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