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USOIL

USOIL: Impeding Triangle Breakout?

The WTI crude oil structure is indicative of a powerful bearish impulse trend. This 5-wave move consists of primary waves ①-②-③-④-⑤ and is part of a cycle-degree a-b-c correction. A few sessions back, the intermediate-degree 5-wave…

USOIL: Recent Low Test Looks Bullish

The current USOIL structure indicates that the bearish cycle degree wave c has been completed. We expect the recent upside starting at the c wave’s low to form a standard zigzag, which points at a bullish corrective Ⓐ-Ⓑ-Ⓒ pattern of the…