Projection of price and time for oil. Target at green box.
Comment:
Adjustment in face of first wrong "entry" point. Wedge failled, but now oil seems to be reversing. Now my target is 64$ for middle of november. One curious thing is if oil correction ended three days ago (August 02) then it lasted for 55 days (chart below).
Comment:
More reasons to be bullish on oil. Price bounced from a huge support, we had a nice hammer on weekly chart:
