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OIL WILL REACH 50$

Long
FX:USOIL   CFDs on Crude Oil (WTI)
WTI CRude started making higher highs. So the previous decline in a-b-c down for wave 2 is over. no ending pattern in wave 2 extending it lower. This means that wave 3 up started. But it should be a slow and steady advance from here on. The forewords in wave 1 are not going to return. First hurdles are the 20/40 day averages at 40.25 and 41 and we need to close above both in minor wave iii up. The low of 36.67 should not break else this would be invalid

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