Crude Oil

Bullish Outlook :

In the weekly frame, Crude Oil could have terminated the decline of its Minor wave C, which started at the 112.24 high on August 2013, in the five waves of Minute degree.

The 37.75 could be a Significant low, as the extreme point of Minor wave C, that was registered a slightly lower than expected target at 41.58, However, the structure of decline in Minute fifth wave dose not look to be complete as a five-wave.

A five-wave advance of Minute degree is the wave structure that will indicate to change of the trend to up.

Crude Oil - Weekly

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