Crude Oil

Bullish Outlook :

With respect to the sideways outlook on Minute-degree trend, Crude has bullish potential in short term to resume the rally in Minuette wave (c), after consolidating during the September.

The price volatility may continue in sideways, prior to resume the countertrend rally of wave (c) which started since the August 24 low. A push above the 47.71 will confirm this bullish case, which is now against the 43.71.

Crude Oil - Daily

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