Crude Oil 11.09.2013

Hi all,


I'd like to share my view on Crude Oil

IMHO, Crude is cooking a big triangle A-B-C-D-E on Daily chart. Wave E of triangle is also a smaller degree a-b-c-d-e triangle!!! Honestly, Crude chart took me a while to figure out this duo-triangle. Hope you guys enjoy the chart :D

http://d.pr/i/xwKE - Daily chart zoom-out

http://d.pr/i/TVnJ - Daily chart zoom-in

http://d.pr/i/mf3n - H4 chart. IMO, Crude is forming an Ending Diagonal Wave 5. Expect an up swing to maximum 114.10 to finish small wave iii within the Ending Diagonal within next 2 days. Key support on H4 chart is 104.21. Market should hold above this level.


Alt. scenario http://d.pr/i/Y43S - H4 chart


Please give your comment on this. Thank you


Supaman_fx
Duc