Crude oil is higher in the last few sessions, but since we are tracking a big triangle in fourth wave we assume that upside will be limited near the upper trendline, at 34-35 area. Ideally, current rise up from 32.30 is wave b-circled as part of a three wave decline down in wave D that should touch lower trendline. Generally speaking we see market moving sideways, so we recomend to wait on waves D and E before we may finally get some impulsive and clear directional price moves; ideally to the downside, towards 28. So for now, we wait on more price data.
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Crude OIL, 1H