Crude Oil

Uptrend Expected To Continue :

On this Crude Oil’s monthly frame, the wave counts interpret developing the Intermediate waves in several years sideways formation, as the Primary wave B(circle) underway.

Based upon this interpretation, the ongoing Intermediate wave (C) will continue to rise, possibly through the determinate objective at $92.92, where the wave (C) equals 0.618 times the length of the wave (A) – a common relationship between the same direction waves in a triangle formation.

Crude Oil - Monthly

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