Oil update 29082019

Counting oil waves is fun. Without EW trading oil is deadly. So volatile. The count is very complex - hence I should be wary of possible alternative scenarios. So far I do not have any on the chart. One thing that keeps me warm about my count is oil stocks and CRB index. They both point upwards. I will make a separate post to illustrate that.

I am holding longs from 53.4 or smth.

One thing I should remember - commodities are notorious for extended, brutal 5th waves and quick reversals.