A possible scenario for CL1 (Crude Oil) on a 4 hr. chart.

Light Crude Oil Futures (NYMEX:CL1!)

Updated

NYMEX:CL1! Light Crude Oil Futures

Trend Analysis Wave Analysis

trendanalysis waveanalysis

Banging a lot of Resistance at the moment! Likely another drop towards 93 or so...

Comment:

Wave 5 ended at 97 it's now heading north towards 106 likely...

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