AFTER PANDMAIC LOW, OIL WAS IN UPTREND IN FIVE WAVE RALLY UNTIL PEAKED AT $85.41,THEN CORRECTION HAS TAKING PLACE IN THREE WAVE DOWN AS WAVE TWO (2)
FROM 85.41 HIGH , OIL HAS BEEN TRACING OUT FIVE WAVE DOWN , SPECIFICALLY IN MINUTE DEGREE THIRD OF THIRD OF MINOR WAVE A, THAT COULD HIT $63
IF MY OUTLOOK IS CORRECT SO OIL WILL SUFFER THROUGH THE NEXT FEW MONTHES, AND MAY DIVE INTO SHARP CORRECTION THAT POTENTIALLY TAKE PRICE TO $45 LIMITS