Saturday, May 6, 2017

Crude Oil - Heading for US$25 a barrel

Crude Oil WTI (US$ 46.51)

Very likely crude oil has completed its wave (iv) of C. Wave (v) is likely to end at US$ 25.00 or below. It is going to hurt oil producing countries badly. Malaysia is one of them.


Dow (21,006)

If well behaved, Dow will proceed to form its mini wave 3, 4 and 5, unless it has a failure sub-wave v with mini wave 5 missing, highly possible for the terminal mini wave.


FBMKLCI (1,762)

In tandem with Dow, KLCI is likely to proceed with its mini wave 3, 4 and 5 with possibility of a failure sub-wave v.


Wave C of its mega wave (6) is likely to end around 1,530.


It is about time to slowly get out of the market.


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