$OIL could be targeting $100

3 พ.ย. 2021

D The uptrend was VERY resilient, and I had to make a recount to consider the recent push upwards.

Considering that we still don´t have RSI divergence after waves 3-4 (blue), then I consider that wave 5 (black) is not finished yet, and after a correction (maybe down to $76 support), we´d have another leg up.

Price may target $100 before any significant correction.

The black channel holds the key to the continued upside and only LONG trades should be considered while we stay inside the channel and above $76.