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glennmercer

BULLISH on OIL: Expect Choppy Rallies Through 2017

Long
CFD Petrolio WTI (TVC:USOIL)  
glennmercer Aggiornato   
TVC:USOIL   CFD Petrolio WTI
Trend Analysis Harmonic Patterns Chart Patterns glennmercer gmercerfx Oil Crude Oil WTI crude breakout wavecount Elliott Wave
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5
trendanalysis harmonicpatterns chartpattern glennmercer gmercerfx oil usoil crude breakout wavecount elliottwaves
Last week, oil broke out of a triangle and is holding its high base on the lower time frame. Look for bullish price action to continue. I'm anticipating choppy moves as price touches confluent harmonic levels. If price is unaffected by these levels, strong bullishness is likely to continue. Updates to come.
Commento:
As October comes to a close, this continues to be my outlook. Look for some resistance here at this important .886 level. However, a better short is from the top of the channel.
snapshot

Idee correlate

glennmercer
AUDCHF Long: Target Top of Channel
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