SusmitBanerjee
Panjang

WTI Crude Oil Medium term Buy Setup

FX:USOIL   Minyak Mentah (WTI)
Crude oil             is likely to extend gains towards USD 63/65 in coming 1 to 2 months ahead of turning lower. If prices hold below USD 59 then prices are likely to turn down towards USD 55/55.60(Blue line projection) to complete Flat structure ( Daily Chart ) and then turn higher towards USD 63/65.
In my earlier post I have projected about the recent decline in Crude Oil             prices by holding below USD 58.70/59 and it turned down from USD 58.55 and made a low of USD 56.07 marking an end to H4 corrective structure.
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