USOIL-91 For wave (a) and (C) of (Y)(Red) of (b)(Blue) to 115 !
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Market Commentary:
1. The low it 11.10 is the 1.272 for the wave (W)(red) and that is the irregular flat in wave (b)(blue) as i shown and the wave (X)(red) completed below wave (a)(blue).
2. From the low 11.10 it is making 5 waves and currently we are in wave "4" of v) of (a)(red) and 5 of v)th yet to complete @ 91$(approx) and "4" could be a triangle.
3. Once the wave (a)(red) completed I am expecting (b) to again63-67 and that could be a 38.2 fibs retracement from the low 11.1 and the high 91(yet to make).
4. Once the wave (b)(red) completed (c) wave to major resistance to 115 to complete (Y) of (b) in positional view.
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