WTICOUSD correction approaching. 
Continuing my analysis, it can be seen that WTI oil is nearing the end of its third rising wave cycle. In my analysis, I assume that the motion may turn south from the 45-46usd range and the D1ATR will drop to a level of 50.6 to 42.6 usd. Consequently, a profit realization can begin at these levels. I would not start a long position from this level. Of course, the long-term picture may continue to rise, with a target price above US $ 50. While waiting for the correction to another long position, I am thinking of 42-43 usd levels.
Note
In my analysis, I hypothesize that the motion may turn south from the 45-46usd range and decrease to 42.6 usd up to the D1ATR50% level.Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.