Crude Oil is continuing lower this week so market is still making an impulsive decline from start of November, so we are tracking five waves down within red wave v) of (iii), which means that downtrend can be in late stages. However, there is room for a decline to $35 per barrel where we would look for a bullish evidence; bounce into wave (iv).
Crude OIL, 4H
Crude OIL, 4H
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