Commodities

Elliott Wave Analysis & Forecast, WTI Crude Oil – OILUSD, H4, 20190124

 
Elliott Wave Analysis & Forecast, WTI Crude Oil – OILUSD, H4, 20190124

As show on chart, In my point of view Blue wave A of Green Wave B is finished @ 54.48 and now price is correcting toward 49.50-49.80 area in Blue wave B, Once Blue wave B completed we can expect last rally towards 58-60 area in Blue wave C to complete green wave B. Sellers can enter into market at current price or better targeting 50 area. Stop loss should be 53.50.

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