Technical Analysis:
- Crude Oil(CL) is doing a ((W)) ((X)) ((Y)) correction structure in Daily Chart
- We expect that the correction will be completed at around HKEX:50 -55 where the smart buyers will appear
- In short term, It's doing wave ((X)) in black once it's done we can forecast the entry area more precisely
- H1 & H4 right side are turning up
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Technical Analysis:
- As you can see in the chart, the medium term correction is finished in the wave II in red. Now we expect that CL(Crude Oil) goes up at least in 3 waves to around $105
- H1 & H4 Right Side are Up
- CL seems strong in short term
Technical Information:
- We like to buy CL in wave (2) in blue around $77 as hedging
