WTI could remain in its range for a while. I am long since 50.41.
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Very precarious situation at the moment. Today should stay over $ 50 and close, otherwise the next deeper goals would be: 49.59 48.24 45.23 and in the worst case 43.47.
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Should it drop to 48.10 in February, it won't be that bad either, because I'm pretty sure that it will rise to at least 57.87 after that. The blue box is 100% profit!
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It could be possible too.
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If wave 5 is still in demand, then after this H4 candle, 2 more would be enough. That means 48.10 would be reached in a little less than 12 hours.
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