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Oil is going to decline more to form right shoulder (2017-04-27)

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1000/USOIL  
zhipengcfel  
1000/USOIL  
Crude Oil WTI Elliott Wave Wedge
6
0
usoil elliottwaves wedgepattern
Oil is declining these weeks. From EW analysis it is going to decline more to form the right shoulder. The wedge was broken here. Furtherer decline can be expected here.

The target will be around 42. For the worse case it can go to 38.

Good luck to everyone!

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