Crude OIL Looking Lower

Crude oil is making a new drop lower, which could be an indication that red wave 4) correction is completed and that red wave 5) is in motion. If that is the case, then we expect a five wave development to take place within the final wave, and ideally look for support and limited downside around the 40 mark.

Crude oil, 1h

Crude Oil

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.



50% Discount OFFER Subscribe Today And Receive Elliott Wave Charts and Forecast Daily On 19 Markets- EW-Forecast.EW-Forecast.

By using website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on are provided for informational and educational purposes only!

By using the information and services of you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.