Tight rope Faller Wide 000

Oil Elliott Wave

Oil Elliott Wave

Oil Elliot Wave Chart 1 hr Crude oil is making an overlapping recovery from 64.20 low, which looks more and more like a complex W-X-Y pattern. In current case we see specifically a double zig-zag in the making that is now unfolding sub-wave b of Y, with possible support around the 65.35 area. From there a new and final recovery into sub-wave c of Y may follow with resistance near the 67.20.

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