CrudeOil has reached all its target as per Previous Forecast. Crude has gone up in what looks like a 3 Wave up move where Wave A = Wave C after which it started to decline and made a bearish
candle stick pattern of bearish engulfing
pattern. There has been consistent divergence with MACD
for the wave C up move indicating that this is perhaps not a 3rd wave rally. I would expect CrudeOil to fall towards 40 levels as first targets and then expect atleast 61.8% correction around 35 levels as second targets. Lets see how it unfolds further from there..
Siraj Hudda, CFTe