Hokusai_FX

US OIL WTI Analysis 17Aug2023

TVC:USOIL   CFDs on WTI Crude Oil
Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.

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