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stamoyo

USOIL Plausible price actio

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
stamoyo  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Wave Analysis Chart Patterns
2
0
trendanalysis waveanalysis chartpattern
The pair is most probably following an Elliott wave. According to the Fib Retrace line the next wave should end somewhere around 1.61. The RSI stays above .50 which is a bullish sign and in reality there is no clear reason for a bear move.
*Disclaimer: this is for educational purposes only*
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