Crude Oil Wave Forecasting

Crude Oil Wave Forecasting

USOil has potentially run its course for the current upmove and would give a correction from here.. Based on the last Candle Stick pattern around the targets of 62/63 suggests the correction might get started from here. If it were to be true then the targets for the down move would be around 40. I would go short at the current price with small stoploss around 65.5 with targets around 42. Its a nice risk reward trade if it works out as forecasted.

Happy Trading!!

Siraj Hudda

www.prowaveanalysis.com

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