USOIL - Only Down For Easy Dollar

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Hello Traders,

The incident in Saudi completed an expanding correction in our charts and now we are breaking down within the 3rd impulse.
Expect to break 51 / 50 range before any chance of reversal. We may stop some where here in the middle and start to make a consolidation but it will only be a correction. The bigger move will be downwards.

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Corrective pattern turned into a WXYXZ so wait for this up move to finish and then we will most likely get the down I showed above.

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Chart PatternsChart patternsCommoditiesOilTrend AnalysisCrude Oil WTIusoilshortWave Analysiswaves

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