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.
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.
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