Talking Points:
CrudeOil Technical Strategy: Buy on dip
Elliottwave Count: Breakout confirmed. W-X-Y or sequence of impulse wave on reversal
Analysis
CrudeOil (CL) is able to break corrective cycle yesterday at 52.64. After breakout, it showed a five wave move towards 53.45 where it met monthly pivot resistance. We were expecting short term set back from...
