Crude Oil - the green box nailed the drop again. Now crude is ready to rally

In the previous update I predicted a drop into the green box. Yesterday we got that drop. We still can make a nominal new low to complete that wave ( b ) of ( iv ) but it looks very much completed. From here we should get a rally in wave ( c ) of ( iv ) that would complete a correction up after the extended decline in wave ( iii ) down. Once wave ( iv ) up is completed we should see a continuation of decline to new lower lows in the wave ( v ) down.

Crude Oil - 45 min chart updated on 7 December 2018

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