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US OIL: Elliott Wave and Technical Analysis | Charts – February 15, 2019

The week was expected to begin with a little downwards movement to a target at 50.91 to 50.82. The week did begin with a little downwards movement, finding a low at 51.24, 0.33 short of the target zone.

An update for members intra-week, on the 13th of February, indicated a low was likely in place. Thereafter, price has moved higher to end the week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 15, 2019