FX:USOIL   CFDs on Crude Oil (WTI)
Crude oil could be nearing the end of a corrective B wave.

Price just touched the 0.5 extension at 52,51 for what could be wave 5 of C of B but could also touch the 0.618 extension at 52,70.

A drop below 51,31 would go some way to validating this idea as it rules out what could be an impulsive 5 move upwards.
Jan 16
Comment: The potential impulsive alternate with invalidation at 51,31

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