Crude Oil Seeking More Intraday Weakness
Crude oil is nicely turning lower, after a previous three wave rise had been established at the 49.16 level. Ideally this three wave rise was a fourth wave correction, that now points lower within the final wave 5). If we are correct, then more weakness may find its way on oil. The confirmation point of view for lower levels ahead would be a break beneath the wave B swing at 45.11.
Crude ol, 1H
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