Subscription: Micro Counts of Crude Oil & Nat Gas
On Friday morning I posted the chart below and wrote:
“Crude holds potential for another drop to complete wave ( iv ) down. Looking first at 90 min chart below you can see a clean corrective (a)-(b)-(c) down structure off the top of wave ( iii ) up. That is a wave ( iv ) down.”
“Ideally we need to get another push lower in micro wave v down to complete wave ( iv ) down and set a stage for another rally.”
Crude got that expected push down to complete subwave ( c ) of wave ( iv ) down
“Crude has got that final drop in micro wave v of ( c ) of ( iv ) into the Green Demand Zone. From here we can get another rally in wave ( v ) of C of ( B ).”
“This morning we see a move out of the low. Again, the correction may be completed. Crude still needs to play another (a)-(b)-(c) rally in the final wave ( v ) up.”
“Thanks CAT, you’re the best. Up 5.5% on UWT this morning on top of a 25% gain on DWT in a few days. Can’ beat that!”. Would you like to join my club for only $24.99 a day?