Crude Oil Technicals: Think 'Bullish'
Gregor Horvat | Nov 06, 2017 10:17AM ET
Crude oil remains bullish and is now in a fifth wave of an impulsive cycle that began in mid of October. We're seeing the cycle's final stages, which could see the commodity climb toward 56.50/57 before the market turns on a new corrective drop. A fall back below 55 would suggest that wave five-circled is already done.
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