#Oil #WTI $CL_F correction
This morning oil had an aggressive selloff...again...at $70.20.
The selloff was not just aggressive...but textbook.
Oil posted a 3 wave correction with C wave of equal length to A wave...stopping on the screws at 67.80.
There is a lot of accumulation happening now between $68.05 and $68.15.
There may be some stop loss hunting as the institutions soak up liquidity...but I expect a resumption to the upside soon.
The selloff was not just aggressive...but textbook.
Oil posted a 3 wave correction with C wave of equal length to A wave...stopping on the screws at 67.80.
There is a lot of accumulation happening now between $68.05 and $68.15.
There may be some stop loss hunting as the institutions soak up liquidity...but I expect a resumption to the upside soon.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.