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HomeContributorsTechnical AnalysisCrude Oil Looking for Deeper Supports Within Uptrend (Elliott Wave Forecast)

Crude Oil Looking for Deeper Supports Within Uptrend (Elliott Wave Forecast)

MarketPulse
By MarketPulse

Crude rallied only in three waves and stops between 50-61.8% Fib, so it appears that corrective pullback is still in play from 84.16 and that deeper supports can be retested. There is even a chance for a drop to 77 area where wave C may look for stabilization, possibly later this week.

MarketPulse
MarketPulsehttps://www.marketpulse.com/
MarketPulse is a forex, commodities, and global indices research, analysis, and news site providing timely and accurate information on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors. This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities.

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