Crude oil is turning slightly lower, ideally into an A-B-C set-back after a completed five wave rise yesterday near 46.50. As such, we will be looking for a new resumption of an uptrend but after current subwave C is finished, maybe around 44.00-44.50 area. After that wave C, it will be important to wait on upward reaction above wave B swing high to confirm the bullish case.
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OIL , 1H