CFD Petrolio WTI
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Crude Oil Elliott Wave Idea

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Purely a guesstimate as predicting long term is impossible but oil could be in a long term correction (ABC).

Now nearing the end of (b) (shown in bright blue) to the red trendline around the $47 level, before an impulsive move for (c) (of a larger degree B wave) to $95 (point D of the Gartley and between the 0.5 and 0.618 retracement of the larger degree A wave), then the larger degree C wave to new lows.

With Gartley removed >
istantanea

Gartley on its own >
istantanea

Nota
Long term trendline touched this week, lets see what happens next

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