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WTI Oil - Correction Still Holds Below $30

Discussion in 'Technical Analysis' started by Kaitlin, Feb 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    WTI oil bounced strongly on Friday, after hitting fresh low at 26.04 on Thursday. Friday's strong bullish close that followed Thursday's long-tailed Doji candle, could be seen as initial reversal signal. The price is currently riding on the fourth, corrective wave, off 26.04 low, which part of five-wave downmove from[​IMG]

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