USOIL: forecast of crude oil for next five year.
Hi Guys, This is a analysis cum educational post, looking at all the waves and structure, crude looks upside for next 4-5 years, if its gonna make that expanding flat. You can trade it on lower time frame for upside.
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weekly corrections coming, long term approach still upside.
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if dollar goes strong in upcoming weeks it might also drag oil down, I'm looking at the pair from the possibility of dollar strongness. watch out for move after correction to upside take the sell, keep that sell move to BE
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take another buy, its corrective.
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it didn't broke the low made contracting flat, its now to the upside but aware of the fact that it might be part of single impulse of 5 waves, we might see more correction after upside
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another buy setup
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