Crude Oil Can Face Resistance At 60.0/61.0 Region
Gregor Horvat | Dec 05, 2019 04:02AM ET
Crude oil can be unfolding a complex correction, up from October lows; a seven-swing move in wave E, which can look for resistance/bearish turn near the 60.0/61.0 region. A later drop below the lower corrective channel line, connected from 60.0 area would be a suggestion of a completed wave E, and further weakness.
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