Crude Oil

As denoted by the labels on the weekly chart below, the extended Intermediate wave (3) could have concluded its five-wave sequence down that started in August 2013.

Subsequently an upward corrective sequence, to the Fibonacci 0.382 retracement level, as Intermediate fourth-wave developing is anticipated for months ahead.

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