The_Observer

Further projection

The_Observer Updated   
NYMEX:CL1!   Light Crude Oil Futures
Important floor have built now at yellow line below. Expecting further upside to complete corrective wave C which can go as high as 62 (origin of earlier impulsive intermediate wave 4).
Comment:

New possible reversal zone. Strong fib resistance zone just below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.