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Crude OIL Minimum Three Waves Up: Elliott Wave Forecast

Crude oil found a support yesterday around 97.30 and moved impulsive to the upside on the intraday basis so it seems that market found a low, possibly even completed a corrective, three wave move down in wave B. As such, market could continue to the upside in the next few days, ideally in big five waves, but from minimum expectations view we expect a three wave rally back to 101-102 zone.

Crude OIL 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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