A More Detailed Look of WTI Oil in the Next Few Weeks

Mostly range bound in the next few weeks. And finally, oil needs to retest the $47 area.

Here is a bigger view from my previous post:

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Chances are (I say 70-80%) Oil will go up from here to $53, with little to no corrections.

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Correction:

Chances are (I say 70-80%) Oil will go up from here to $51, with little to no corrections.

And then after a decent correction, go up to $53 or even more, possibly to $60.

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The shape is there but the level is off too much...