Crude Oil

Oil’s uptrend in place, but expect more sideways in short-term :

As shown on this daily frame, Oil still retains its bullish potential against the $57.10, in ongoing Minute fourth wave triangle (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 over the coming weeks.

Crude Oil - Daily

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