Capital Trust
Capital Trust

Oct 28, 2016

08:30 PM EDT

  • New York close
  • London close
  • Tokyo open
  • Sydney open
Market Analysis

Home » Oil » Crude Oil Making Minimum 3-Legs Down

Crude Oil Making Minimum 3-Legs Down

Posted by ewforecast in Oil - May 14th, 2015 2:28 pm GMT

OIL 4h

OIL 4h Elliott Wave Analysis

Crude oil turned down a few days back, slightly beneath the channel support line connected from the 50 level, so we assume that leg from 48.00 is now a completed five wave move. If that is the case then market will make a minimum three wave decline, even if reversal will be corrective and temporary. That said, we expect to see 56 as long as highs remains in place.

Interested in our analysis? Get First 2 Month @ Price of 1.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates

Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.