Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Oil: Up-side Targets


4 Hour chart: Long. Main price points: 71.92, and 82. Looking for: Break through 81.95

Oil has traded higher over the last 24 hours, which has helped to pressure Usd values. Dollar bears may be busy until the current wave V) finds the top. This may happen somewhere around the 83-84 area, where an impulse blue wave V may be completed.

The current wave V) of a larger blue wave V will be confirmed after the break of the 81.95 area.

 TheLFB Charting: Oil 4 Hour Elliott Wave view


Above is one of three charts posted on this commodity to members each day, that make up thirty charts in total that cover six major currency pairs, equity futures, oil, gold, and the dollar index. To access all, and to also recieve trade plans, signals and member benefits, join TheLFB today