HK-Capital-Management

WTI (CRUDEOIL) – Finally on the right side! (2)

Long
TVC:USOIL   CFDs on WTI Crude Oil
Hello everyone,

WTI is one of the most exciting markets in 2018, I think. There were some trades with good profits, and now we have the chance to catch the final uptrend to 80$+, maybe 90$+. If my count is right, WTI is completing a wave 4 of higher wave degree (purple in brackets), as described in my last analysis (please check link below). A turnaround now would be perfect – in the middle of my blue trading box.

Be careful, because there is much resistance on the upside, so the way up won’t be easy, but I think the uptrend will last several months. So this analysis is for all of you with long-term interests.

Important: we have to keep in mind, that wave 4 has space until 56$, technically!

Don’t hesitate to contact me, if you have any questions or other ideas!

Take care
tgo

HK-Capital-Management
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