Crude Oil - SHORT to resume downtrend

16 thg 2, 2018

From the 66$ high (where we assumed a truncated fifth wave), Crude Oil future shows a nice impulsive pattern. We can clearly see a corrective flat, that we assume is a wave iv, already ended or just one subdivision to the end. We were already shorting yesterday with tight stop, and it did'n work: today we try again with a looser stop, targeting new lows in a fifth wave down.