Technical Analysis Blog | PUG Stock Market Analysis, LLC

PUG Stock Market Analysis is here to help with Gold technical analysis, stock analysis and more. Read our technical analysis blog to learn more today.

«
»

March 18th, 2015: Oil Monthly Chart Update

Posted by pugsma on March 18, 2015

11:30 pm EST:   Based on the monthly chart, Oil has a Cycle 2 target in the $41 to $35 range.   Oil looks to be in a minor 3 of major [5]-PC-C2 wave down with a minor 3 = 1.62*minor 1 target at $41-42.   Look for a minor 4 bounce to $43-44 and then minor 5=1 at $37-38 to complete the Cycle 2 low.

Oil (WTI) Monthly Chart:

PUG Oil (WTI) Monthly Chart 3-18-15

This entry was posted on March 18, 2015 at 11:32 am and is filed under OIL. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»
 
%d bloggers like this: