#WTI Update

I'm leaning towards an expanding diagonal in WTI to finish wave (x). Reasons are 1) sharp sell-off on Monday, which appears to be a wxy double zigzag rather than a five-wave impulse 2) the subsequent bounce appears difficult enough for another double zigzag.

Of course, I could be wrong about the bearish case, but I'm sticking to it so far, despite the fact that the majority of the public expects oil to reach $100 soon. #wti

Having said that, the case is very speculative at this point. This is not advice, treat it as a scenario. I will be ready to reconsider only if the price surpasses $87.4.