Crude Oil Unfolding A Bullish Reversal
Gregor Horvat | Jul 14, 2017 04:22AM ET
Strong recovery on crude oil from 42.00 has unfolded in impulsive manner, so can either be wave 1) or A) that is part of a three wave rise. That said, we will now expect more upside to follow, as recent three wave decline down to 44.00 as wave 2)/B) can be finished around 61.8% fib level. That said, market can rally even up to 49.00 where third leg would equal the first leg.
Crude oil, 4h
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