Crude oil is slightly higher, but at the upper side of a contracting range, so don’t be surprised by another turn down in sessions ahead. We are still looking fro a triangle placed in subwave b) of blue wave (b) so price can fall down to around 41-42 area still.
WTI CRUDE OIL (NOV 2015) 1h Elliott Wave Analysis
EURCAD is having a very nice bearish structure. We see five waves down followed by a three wave rally that can be completed near 1.5080. Break beneath the lower support channel line near 1.4750 will open door for 1.4500.
EURCAD 4h Elliott Wave Analysis
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