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Crude Oil : Intraday View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Crude oil has turned down from 31.34 area, exactly from 61.8% where energy probably completed a fourth wave retracement. It means that new lows are now back in play, this time for three wave structure down into wave v that can be targeting 29.00 area. Ideally market will then turn up from that region with a very strong reaction if we consider the shape of an ending diagonal in wave 5. Crude OIL, 1H

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