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Crude - setting up a short trade
On 21 March 2019 I posted the latest update on crude with a bearish macro outlook.
Today I am updating 90 min chart (below) with the same red target box for the rally started in December 2018. The red box is placed in between of 61.07-62.55.
Crude Oil - 90 min chart updated on 2/27/2019
Because crude is approaching the red target box I am zooming-in to a 15 min chart. As you can see below, it needs the final push up in wave c of v to complete that big rally started more than 3 months ago.
Crude Oil - 15 min chart updated on 3/27/2019
