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

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