Crude Oil

In this Crude’s log scale monthly frame, the wave counts interpret developing the waves of Intermediate degree in several years sideways formation, as the Primary wave B(circle) underway.

In an immediate bearish view based upon this interpretation, the decline of Intermediate wave (B) still remains in progress, towards the recent low at $42.03, in anticipation of a final decline which will terminate the ongoing wave (B).

Crude Oil - Monthly

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