Crude Oil

#Crude is still developing the subminuette waves of wave (iii), to the downward. The corrective wave iv is in progress to the sideways, and decline of the wave v lies ahead before the Minuette wave (iii) terminates.

The broad bearish outlook, in anticipation of the undergoing Minute fifth wave still remains, while the price holds under $56.51.

The expected target for the decline is under the past lows area, at least around the $41.58.

Crude Oil - Daily

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