Crude rallied only in three waves and stops between 50-61.8% Fib, so it appears that corrective pullback is still in play from 84.16 and that deeper supports can be retested. There is even a chance for a drop to 77 area where wave C may look for stabilization, possibly later this week.
![](https://www.actionforex.com/wp-content/uploads/2023/08/ewfs2023082211.png)
![](https://www.actionforex.com/wp-content/uploads/2023/08/ewfs2023082212.png)