Crude Oil: Elliott Wave Analysis

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Hi traders,

Crude oil made a nice five-ave recovery within wave 3 as part of a bigger impulse. Current drop that we now see is part a wave 4 correction, which can look for support near the 50.25 level, and near the Fibonacci ratios of 23.6/38.2.

Crude Oil: Elliott Wave Analysis

1-Hour Crude Oil

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