Oil at 68$ at the end of 2016

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Projection of price and time for oil . Target at green box.
Comentário: Adjustment in face of first wrong "entry" point. Wedge failled, but now oil seems to be reversing. Now my target is 64$ for middle of november. One curious thing is if oil correction ended three days ago (August 02) then it lasted for 55 days (chart below).

Comentário: More reasons to be bullish on oil. Price bounced from a huge support, we had a nice hammer on weekly chart:
Análise aqui é apenas um estudo. Não se trata de recomendação de compra ou venda. Qualquer ponto de entrada, alvos de realização ou stops indicados são, apenas, para avaliar a acurácia da análise.


“I believe in everything until it's disproved. So I believe in fairies, the myths, dragons. It all exists, even if it's in your mind. Who's to say that dreams and nightmares aren't as real as the here and now?”
― Brent, 2016.
very technical