Crude oil ended its near-term bull cycle at the highs of $60.
It completed it 5-waves and also its wave a and b in the corrective structure.
Now the wave c which was on the cards has come to play with the formation of evening star pattern at the critical resistance.
Hence, we expect the oil counter to move down to the mark of 57.08.
It completed it 5-waves and also its wave a and b in the corrective structure.
Now the wave c which was on the cards has come to play with the formation of evening star pattern at the critical resistance.
Hence, we expect the oil counter to move down to the mark of 57.08.
Trade closed: target reached