Crude Oil Aiming For 42/42.50 Probable Reversal Zone

Crude oil has turned down yesterday from above 44.60 where energy completed wave 4 so we see new lows coming for wave 5 that will be expected to completed red wave C)/3) at 42-42.50 area. Ideally market will bounce from that Fibonacci support region later this week, probably after the FED based on price and time.

Crude oil, 1H