Crude oil is nicely approaching projected support within a double zig-zag w-x-y corrective pattern.
Ideal support would be here around 38,2% Fibo. retracement, where previous wave »iii« swing high is, where the channel support line is and of course, where psychological 50 level is, so be aware of a bullish turn for wave 5 soon. A rally in five minor waves from the mentioned region would indicate a completed wave 4 correction and wave 5 to be in play
Crude oil, 1h
