Crude oil turned nicely up last week from 44.00 area about we talked in our past updates when highlighted a corrective set-back from 46.50 which can be wave two. If that’s the case then we know that current breakout of a downward channel can be start of a very strong leg up, wave 3 that is now underway to $50 while market is above 46.52.
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Crude OIL, 4H