Thursday, October 2, 2014

Crude… bottom in sight

Crude as seen here on the weekly chart has broken down in what appears to be a B wave triangle. This last push down should be the ewave and I will be watching for a throw over of the bottom trend line in the E wave to complete the formation. Price targets are around the 84.50 level. Eating for this formation to complete. A break back over 96 will be the first clue that the c wave has taken over. 


No comments: