Elliott Wave Crude Oil Futures Options CFDs 24 February 2019
Oil 1 Hour Chart
Sunday, 24 February 2019 at 10:21:00PM EST
Oil is moving lower following Trump comments, but for now that's still nothing significant on the price chart unless we see a drop below 55.11, then overlap will indicate a deeper price action, maybe even impulse for wave C) of a flat in B).
Oil 4 Hour Chart
Sunday, 24 February 2019 at 4:09:00PM EST
No change.
Crude oil is moving higher, and its very unclear if that's still going to be an irregular wave B correction, or is maybe wave B already completed at the 51.56 mark. We definitely will need more time to figure that out, but important is that oil is in bullish mode since start of the year and it may stay up for $60 either from here or after a pullback.
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Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
Elliott Wave Crude Oil, Crude Oil Futures, Crude Oil Options, Crude Oil CFDs