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cwmetz

#WTI $CL_F correction setup

Long
Light Crude Oil Futures (NYMEX:CL1!)  
cwmetz Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Wave Analysis Oil WTI crude Crude Oil Futures WTI (CL1!)
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trendanalysis waveanalysis oil wti crude cl1!
Looks to me like oil is set for a 3 wave correction. With the OPEC+ talks on output and the future of the cartel in question...volatility will likely remain high.

Yet if this is a 3 wave correction...we should see a good support around $72.15 to go long.
Comment:
Correction...NOT $72.15. Entry is $70.87
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