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Crude Oil Rallying Within a Pullback – Elliott Wave Analysis

Crude oil started rallying from the lows, giving us an idea of a low in place for a bigger wave 5) of 3, and that a temporary, three-wave pullback as wave 4 of a higher degree is underway. If that is the case, then be aware of temporary higher levels, ideally towards the 34.3/36.6 possible resistance/reversal region for a wave C) of 4 which can be in play soon, once sub-wave B) finds support.

Crude oil, 4h

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