Crude tanked today in what I’m viewing as the beginning of wave C within an A-B-C decline from the March high. Weakness from the March high would consist of 2 equal waves near the January high at 53.93. Low 59.00s is a possible bounce level. For more analysis and ideas, visit scandinavianmarkets.com/news/ .
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/