although, i am bearish in long term for oil, but there a good bullish setup in very short term such as 5 min. the chart above showing a wave 4 in underway, my plan to buy oil and target is a new high i will consider it will be a 5 wave then may see a falling in prices.
Notice the guideline of elliott wave such as trendlines
Update
target reached, 50 points in 2 hours.
1 contract X 50 X 10 = 500$
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