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ew-forecast

OIL Elliott Wave Analysis - Impulsive Bearish

Short
Light Crude Oil Futures (NYMEX:CL1!)  
ew-forecast  
NYMEX:CL1!   Light Crude Oil Futures
Elliott Wave oiltrading
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elliottwaves oiltrading
Crude oil is in strong impulsive downtrend from 107.50 that appears incomplete as impulses are five wave pattern, but latest decline from around 96 looks like an extended wave 3 that could be looking for a support around current levels, or at 72.00, We believe that new corrective wave 4 will occur by the end of the year details: www.ew-forecast.com
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