Crude oil turned up nicely last week from the 44.00 are we talked about in past updates when we highlighted a corrective set-back from 46.50 which can be wave two. If that's the case then we know that the current breakout of a downward channel can be the start of a very strong leg up, wave 3 that is now underway to $50, while market is above 46.52.
Crude OIL, 4H
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