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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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