Hello fellow traders,

As expected, OIL is nicely recovering within a three-wave A-B-C corrective movement. Seems like the final wave C can be in progress that can extend its rise even towards 61,8% Fibo. retracement around 56-57 resistance area, from where we should be aware of another huge decline back to the lows.

 

Crude oil, 1h

Oil USD

 


 

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