$OIL could be targeting $100
D The uptrend was VERY resilient, and I had to make a recount to consider the recent push upwards.
Considering that we still don´t have RSI divergence after waves 3-4 (blue), then I consider that wave 5 (black) is not finished yet, and after a correction (maybe down to $76 support), we´d have another leg up.
Price may target $100 before any significant correction.
The black channel holds the key to the continued upside and only LONG trades should be considered while we stay inside the channel and above $76.
Considering that we still don´t have RSI divergence after waves 3-4 (blue), then I consider that wave 5 (black) is not finished yet, and after a correction (maybe down to $76 support), we´d have another leg up.
Price may target $100 before any significant correction.
The black channel holds the key to the continued upside and only LONG trades should be considered while we stay inside the channel and above $76.
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