Crude oil has turned sharply to the upside this week, very close to 42.46 high so we see signs of an impulsive continuation within a bullish trend rather than corrective bounce. As such, we adjusted the wave count, and are now looking at five wave rally in play that can extend up to 43.00, maybe even 44.00 area. If that's correct then minor reversal is now wave iv) that can look for a support near 40.60 or 40.00 level. A bounce is expected to happen from that area in the next few sessions.
Crude OIL, 4H
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