Crude Oil Makes Complex Rally
Gregor Horvat | Apr 09, 2014 09:58AM ET
Crude Oil exceeded 102.20 swing high which makes the rally from 97.00 more complex, but still corrective. We are looking at a three wave move with a triangle placed in wave b), so current leg from 99.87 should be wave c), final leg within a corrective advance, so traders should be aware of a bearish reversal. An impulsive sell-off back to 99.87 will be an important sing for a completed wave (b).
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