meszaros

WTICOUSD correction continues.

OANDA:WTICOUSD   West Texas Oil
WTICOUSD correction continues. In my analysis, it can be seen that WTI is making a corrective move. In my opinion, this decreasing correction movement could last up to 54 usd. You can then build an accumulation range. I expect a false break-down in this range. After that, I expect a steady rise. In fact, a fractal copy can occur. The false break can go down to level 50 usd, so I go into a long position at that level. For the time being, I propose a shorter-term short position.

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