Crude Oil

As shown on this Crude’s daily frame, the decline in Minuette wave (iii) remains in its very late stages now against 50.92.

The broader outlook still 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 the fifth wave is under the past lows area, at least around the 41.58.

Crude Oil - Daily

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