CFDs on Crude Oil (WTI)

WTI Roadmap April 2017

Updated

Yet again weak corrective move but should go up into the summer

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Attacking the 55 wma

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Really big fight around 55 wma

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WTI held today, which is encouraging

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Next 1 to 2 weeks critical for a reversal higher

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Yet again, 55 wma

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Quite a spike down

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This broke down but lets see this week whether can recover above

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So WTI was a fake breakdown and it strongly recovering now. The move up from 44 is a 5 wave one which means that there should be at least one more 5 wave leg after a pullback. So clearly WTI correction was somewhat stronger than thought but recovering now

Related publications

WTI Roadmap June 2016

WTI Roadmap Dec 2016

WTI Roadmap March 2017

WTI Short term Update March 2017

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