Crude Oil is ready for its rally, specially because production outrages from OPEC and Arabia Saudi will contiue to spring next year and have created a clear market structure.
Once We break up the $80 zone, prices will start an uptrend (major wave 3) . Crude Oil prices, might reach a swing around $110 to $125 per barrel in the next following weeks or months.
In the next few days prices might reach $83/$85 according to a minor degree wave 3. However, We might experienced a short correction from a minor Wave 2 formation to potential magnify a minor degree wave 3.
Once We break up the $80 zone, prices will start an uptrend (major wave 3) . Crude Oil prices, might reach a swing around $110 to $125 per barrel in the next following weeks or months.
In the next few days prices might reach $83/$85 according to a minor degree wave 3. However, We might experienced a short correction from a minor Wave 2 formation to potential magnify a minor degree wave 3.