CrudeOil would continue going higher till 47.30 levels where it would complete Wave A = Wave C if its a 3 Wave ABC correction and probably start correcting from around those levels and go lower.. If its a 3rd Wave then we might see CrudeOil keep going higher and test the 50 levels again. Details are on the chart.
Happy Trading!!
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First Target of UpMove completed.. Now lets see if it breaks out above or give a down correction..
SirajHudda could you please update your counts and views on Crudeoil
SirajHudda
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Hi Manish, Crude has followed the up and down path as shown on the chart and reached both targets.. If it breaks the trendline as seen on the chart.. We can see more lower levels..