Oil Remains Trapped In Sideway Range
Gregor Horvat | Jun 24, 2015 04:40AM ET
Crude oil remains trapped in a range after retracement back to 59 last week which is a pivot level of the price action since start of May. An updated count now shows wave (iv) triangle still in play with current sub-wave c) headed down to around 57-58 area where trendline support could limit losses and cause a new turn up for wave d). Invalidation level is at 56.47.
Elliott Wave Analysis - Crude Oil 4h
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