Crude-4-29-19-10-08-pm

This decline looks impulsive. We have just completed a corrective looking a-b-c up bounce that I count as a micro wave iv up. We may get another micro push lower in micro wave v down.

After this decline in wave ( iv ) down gets completed  I expect another move up in wave ( v ) up which would complete that corrective rally off December 2018 low. There is a strong confluence of extensions at 68.40 that could be the ultimate target for that final wave ( v ) up.