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Crude Oil – Only A Pullback Before Continuing Lower (Elliott Wave)

Elliott Wave Financial Service
By Elliott Wave Financial Service

Crude oil is currently recovering, however we see latest rise as sub-wave c) of two, which can look for resistance, and a bearish turn near the 56.6/56.75 area. A drop in impuslive fashion, and below the 55.00 lvl. would suggest a completed pullback, and further weakness.

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