Crude Oil

Bearish Outlook :

The Crude’s decline remains the early stages of third wave of Minuette-degree wave (v), after a 38 percent bounce in the second wave. The expected target for the wave iii is around 38.29, where price will likely achieve the 1.618 times the length of wave i.

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

Crude Oil - Intraday

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