Best Analysis Award Crude OIL is trading as planned, making a nice reversal towards our upper channel line in wave  iv), after the price made a nice five wave structure from February lows. In this pullback we expect a minimum three wave correction to unfold, ideally to around 36.00 area where previous mid-swing can act as a support. Final target for this wave v) advance would then be around 40 levels.

Crude OIL, 1H

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