Wednesday, March 2, 2016

Crude: On Hold (a.k.a wave 4)

Today we present our previous prediction(Oil: Time for a pause of the current downtrend?(a.k.a Wave IV)):



Current Update:

Currently crude is probably in a corrective wave 4(ABCDE) 
before a final leg down towards around 25$(1.618 fib ext of wave 4) or even 21$ (difficult but doable, 2.618 ext of wave4)
Crude price above EMA21(weekly) will confirm then end of current crude bear.