ew-forecast
Short

OIL Elliott Wave Analysis - Impulsive Bearish

NYMEX:CL1!   Light Crude Oil Futures
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: http://www.ew-forecast.com
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