Oil still on down trend until ......

Goldprice is highlighting the WTI price waves with a timely advance of approx. 19.5 month. I put emphasis on the word "waves" as the absolute price movement of GLD is not an indicator but only the wave trends of it ! Considering the current climate and possible FIB-time highs/lows we could find the approximate turnig point target of WTI for its upcoming up-trend.