Crude Oil

Bullish Potential In Oil :

In the daily frame, Oil still retains its bullish potential against the $57.10, in Minute fourth wave developing, prior to the following advance in Minute fifth wave ahead.

It is expected that Minute wave v(circle) rally will eventually carry Oil toward the $66.00 level and potentially higher. A break out of the $61.83 level, would confirm the bullish view in short term.

Crude Oil - Daily

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