Recently we posted an article about Crude Oil and its structure and what kind of price movement we expect. You can find the article here.
On the updated chart of Crude Oil, we see price taking off in current higher degree wave B, for a three wave rally. That said as we can see sub-wave A) and B) are already completed and current recovery is final wave C). On that note, let's be aware of limited upside for blue wave B, that may be seen around the previous swing of wave 4), at 49.34.
Crude oil, 4h
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