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ANALYSIS
WTI OIL (now at 107.34) is displaying the predicted breakout and it's heading to 110.86-111 and 114.80.
TARGETS
likely: 110.86-111.00
possibly: 114.80
maybe: 121.58-122.00
ELLIOTT WAVES
The daily chart shows that the OIL has completed waves 1-2 and it's unfolding wave 3 right now.
In the weekly chart, shows that major wave 5 (in blue, not displayed) has room and strenght to get to $147.5 and above.
Weekly chart, click to enlarge
Daily chart, click to enlarge
Wave Oscillator on a daily chart, click to enlarge
4-hour chart, click to enlarge
1-hour chart, click to enlarge
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