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    HomeContributorsTechnical AnalysisEllliott Wave Analysis: Crude Oil Pointing Higher

    Ellliott Wave Analysis: Crude Oil Pointing Higher

    Elliott Wave Financial Service
    By Elliott Wave Financial Service

    Crude oil is making nice bounce from our support area at 48.00 where energy might already completed an a-b-c structure. It is a corrective pattern that is pointing higher now, back to 49.58, especially if price will close outside of a downward channel.

    Crude OIL, 1H

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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