Crude Oil Intraday View
Oil has moved lower as we anticipated after posting red wave B highs. Current fall is clearly impulsive for now and we expect lower levels to continue. We might experience soon a black wave 4 pullback up to 52.40/60 area from where we will look for the signs of a reversal. Target will be below 50 for the complete higher degree red wave C).
Crude Oil, 1H
Disclosure: None.