A More Detailed Look of WTI Oil in the Next Few Weeks

Mostly range bound in the next few weeks. And finally, oil needs to retest the $47 area.

Here is a bigger view from my previous post:

Commento:

Chances are (I say 70-80%) Oil will go up from here to $53, with little to no corrections.

Commento:

Correction:

Chances are (I say 70-80%) Oil will go up from here to $51, with little to no corrections.

And then after a decent correction, go up to $53 or even more, possibly to $60.

Commento:

The shape is there but the level is off too much...