Elliott Wave Analysis: Crude Oil Aims For 41.70 Area
Gregor Horvat | Sep 16, 2016 04:57AM ET
Oil is still pushing lower to complete red wave C or 3. We have marked twofold support levels around the 41.77 region since we have two possible outcomes. Anyhow near term target is at the mentioned levels. On the smaller sub-wave levels we are searching for the black wave 4 resistance which may appear around the 44.30 area from where a possible new sell-off into wave 5 may follow.
Crude Oil, 1H
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