Oil chart leaves still some open questions for a couple of possibilities presently, yet my target of approx. $42 is still o.k. for me, but I'm going to sell at US $40 near the first RENKO barrier for safety reasons. After that level, we enter a spread of zones, which will develop a high frequency and a wider spread of price fluctuations and therefore I want to stay out of an extended oil trade until getting an idea of a very probable turning point for a correction. The turning point could come around $42 as well as around $45/$46 where RENKO shows heavy resistance zones. To be too adventurous around this time could chop all the good profits gained !
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