Crude Oil

Bearish Outlook :

Crude engulfed the prior week by its persistent selloff. The next-Minuette-degree wave down would be a sharp decline that draws prices below the August 24 low at 37.75.

After the expected third-wave decline, the market will search for an extreme low in its final fifth-wave of the same degree.

Crude Oil - Weekly

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s