Crude Oil

Bearish Outlook :

This week Crude has developed the impulsive wave i down then correcting wave ii through the 0.382 retracement level of the decline. This setup will soon result in another strong wave down of Minuette-degree wave (v).

With respect to the bearish count, the Minuette degree wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

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