Oil price is going to increase after a while.

As you seen in the monthly chart, probably a diametric is going to happen. If it is true so the market is going to make E wave of this diametric, which pattern is a zigzag or a neutral triangle(lowest probability). However F wave targets are attractive enough to going to open a long position.
Crude OilNeo WaveCrude Oil WTIWave Analysis

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