$WTI - Market Analysis for May 25th, 2018

Crude is approaching the 67.12 fib target, but without any positive divergence yet on smaller timeframes, price can easily subdivide lower still to test the next fib at 66 before wave (iv) completes.

WTI A0-FX - Micro - May-25 1058 AM (2 hour)
WTI A0-FX - Micro - May-25 1058 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.