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Crude OIL Intraday View

Elliott Wave Financial Service
By Elliott Wave Financial Service

Crude oil has been down strongly yesterday but current leg up from 53.36 looks like a new impulse so resumption of a bullish trend has to be considered. That said, we labeled end of a regular flat formation in wave 2 which means that bulls may continue now above 55.00 area.

Crude OIL, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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