Crude Oil

As shown on this daily frame, the #Crude seems to be in the late stages of developing the subminuette waves of wave (iii). The decline of its fifth wave is underway against $53.54, prior the end of Minuette wave (iii).

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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