Crude Oil - Correction target 69.48

Price hit yesterday projection with lower inventory data and hurricanes Florence threatens. Market retraced from high 71.25 after data released for half an hour.

The current swing projection is target at 69.48.

Trade geschlossen: Ziel wurde erreicht:

Target 69.48 reach, price continue to travel lower, next target 68.54.

Trade geschlossen: Ziel wurde erreicht:

Target 68.54 reached during last night trading. Precisely, 68.38 was the target for previous impulsive swing. And price rebound from the projection target ( see left chart projection).