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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

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