Crude Oil

Bullish Outlook :

Crude has traced out an upside five-wave as wave c after the nine-wave triangle in wave b (its first wave is counted as a triangle).

The trend remains up with the prices that would eventually carry to at least the 51.13, where the wave c equals 0.618 times the length of wave a, and potentially higher.

Crude Oil - Intraday

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s