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ElliottWaveBelgium

Oil - Pushing a bit higher before big reversal

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West Texas Oil (OANDA:WTICOUSD)  
ElliottWaveBelgium Uppdaterad   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Wave Analysis Beyond Technical Analysis
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trendanalysis waveanalysis beyondta
We are in an ending diagonal for wave C.
There should be resistance from around 61.30 to 63.10.

Once this pattern ends, expect price to fall hard down to at least the beginning of this pattern.

Don't start shorting just yet, wait for price to start to slow down at the resistance zone, also look out for bearish divergence first.
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