Crude Oil: Trades Within Triangle

 | Apr 01, 2015 05:42AM ET

On Crude oil we are tracking a triangle since price turned lower, beneath 48 and invalidated bullish impulsive interpretation. As such, we see that move from the low to 52.50 now as completed correction, ideally it was wave C followed by wave D down that may find support near 44, or 45 area as wave E is still missing.