$CL_F (US Oil) 11.11.2013

Wave (( X )) low appears to be in place at 93.07 and wave ( b ) is taking the form of a triangle which is valid above 93.80. While above 93.80 and more importantly 93.07, expect more upside in the instrument toward 96.21 – 96.78 from where we could see another 3 wave pull back which we don’t recommend selling into.

CL #F,60 - AdvCh

Subscribe to our Commodities Blog

First Name: *
Last Name: *
Your Email Address: *