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Crude Oil - still expect another drop to complete wave ( iv ) down
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.
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