WTI Short term Update March 2017
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Seems this could be more compex than plain vanilla ABC
Nota
And if in fact this is larger Wave A into summer, then probability is rising that in SPX we could have Wave 5 as ED into 2018, with the current rise into summer as Wave 1 of that. Interesting developments i would say!Nota
Oscillating around the 47 line. Do not think goes lower than that (outside of some very quick washout). Let's seeNota
Looks like ED just about to complete lower as Wave 5 of C. Has to be by end of weekNota
Net spec shorts continue to clear, so positioning also improvingNota
I meant net spec longs above, not shortsNota
47 proved the low. Good set up thisNota
KaboomNota
Yet again at the lower bound. Still think one more up into summer is missing, but we are in a make or break with FED today and OPEC later this month
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