This suggests a market testing direction and is not uncommon at turning points.
1 year
click to enlarge
The legs back and forth do appear to be structured in " abc"s, characteristic of consolidations/ corrections. Most likely the WTI wave structure is in the middle of this, and will take more time prior to clarity, however these swings should start stretching out as it resolves.
1 month
As stated in the preceding post, risk is somewhat greater medium term to the downside in this set up, 40 before 50.
NOT recommending anything except go sailing!
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