Subscription: Micro Counts of Crude Oil & Nat Gas
Crude oil - approaching the Red Target Box
Crude keeps following the bullish count. I count this last rally as the final wave ( c ) of ( v ) that is about to complete a large corrective rally in wave ( B () up (please scroll down to see a big picture on a daily chart ).
If we add retracement levels to the previous drop from 78.35 (the top made in October 2018 ) to the bottom at 43.40 in December 2018) the next important level we get is 66.7% retracement at $66.76. That level coincides with the micro Red Target Box ( check the chart above ).