Crude Oil

There is no change on the Crude’s daily frame, the decline in Minuette wave (iii) remains in its very late stages still against $53.54.

The broader outlook remains bearish, while the price holds under $56.51, in anticipation of the decline in Minute wave v (circle) underway.

The expected target for the extreme of fifth wave is under the past lows area, at least around the $41.58.

Crude Oil - Daily

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