Crude Oil 4Hour EW details

10 בספט׳ 2015

Oil is very close to completion of a wave (2). There is one dip in RSI remaining and simultaneously PMO is still in sell mode (possible target 42.26). The ensuing wave (3) could lead prices towards 52.16 and even higher. The situation (i.e. overall trend) will be re-evaluated afterwards, by examining the next correction characteristics.