Oil EW analysis (2015-06-10)

Oil is in consolidation for nearly one month. Now it breaks out of the consolidation area and aims to higher value. Because of the overbought and divergence, it might retrace a little bit and then move higher with the initial goal of 63.7.

It will be a good opportunity to buy when it retraces. The retrace goal is around 60.2.

No trigger, no trading.

Good luck!

Elliott WaveParallel ChannelCrude Oil WTI

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