ElliottWavePro

CRUDE OIL - extension in wave (iii)

Long
NYMEX:CLX2016   Crude Oil Futures (Nov 2016)
There's a possible extension in wave (iii). So, when wave ii ends, there'll be an opportunity to have wave iii. However, if we get an impulse instead of a zigzag in wave ii, bears could come back.

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