Dow - Mini wave vii

Dow (17,716)

Dow moved into mini wave vii at the close of Wednesday trading session. Still a long way to go to complete its major wave (7).

Crude Oil WTI (US$37.80)

Crude oil continued to move lower to complete its wave b. Hopefully it can end around US$36.00 before its next wave c of 4 rebound. After that I will be looking at US$24.00 to end its wave (iii).

Wave (iv) technically should be able to reach US$60.00 a barrel in 2017.

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