Buying Opportunities in WTI Crude Oil - Bought @ $76.654 Wed, Jan 4, 12:42pm. #2 Limit Buy Order Filled @ $76.35- Wed, Jan 4, 14:48pm. #2 Closed Out @ $76.400 +$28.08 Mon, Jan 9, 17:58pm. #1 Closed Out @ $76.059 -$232.05 - Mon, Jan 9, 21:43pm.

Crude oil extended its decline from yesterday's high of $81.452 to as low as $76.561 late this morning in Asia. Because this decline is unfolding in a 3-wave pullback, it suggest it is a technical correction with the higher time frame bullish bias intact. As such, this presents a buying opportunity.

TRADE IDEAS

#1 Bought @ $76.654 - Wed, Jan 4, 12:42pm. Closed Out @ $76.059 -$232.05 - Mon, Jan 9, 21:43pm.

#2 Limit Buy @ $76.350. #2 Limit Buy Order Filled - Wed, Jan 4, 14:48pm. Closed Out @ $76.400 +$28.08 Mon, Jan 9, 17:58pm

Stop @ $73.30.

Target: TBA.