Correction Pattern
If it is still bullish:
According to the past 1.5 month correction experience, there are 4 possible correction patterns:
1. RED: Fast correction - Target at 33.1
2. Blue: Fast, too - Target at 33.0
3. Pink: one week correction: Target at 31
4. Brown: one and half week correction: Target at 33.8
After a healthy correction, then next move might be target at USD$38 to 41 per barrel.
If price break lower than 31, then might be bearish.
According to the past 1.5 month correction experience, there are 4 possible correction patterns:
1. RED: Fast correction - Target at 33.1
2. Blue: Fast, too - Target at 33.0
3. Pink: one week correction: Target at 31
4. Brown: one and half week correction: Target at 33.8
After a healthy correction, then next move might be target at USD$38 to 41 per barrel.
If price break lower than 31, then might be bearish.
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