Crude Oil

The bearish outlook still remains intact on this daily frame.The Crude may have started to correct in fourth wave of the Subminuette wave v underway, and the decline of its fifth wave of the same degree lies ahead, before the end of Subminuette wave v of (iii). The expected target for the immediate decline is 45.93.

The minimum objective for the extreme of undergoing Minute wave v(circle) is below the recent lows area.

Crude Oil - Daily

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