CRUDE-4-8-19-2-57-PM

This relentless rally makes me find a count that better explains it. My bigger count is the same, I still think we are moving inside a large corrective wave ( B ) up. However, we might have completed the first two legs of that rally, wave A up and wave B down. Then we crude has been moving in the final wave C up. That wave c up has a clear impulsive structure, meaning it is subdivided into five waves (i), (ii), (iii), (iv) and ( v ). A micro structure on the chart shows that crude may soon top in the strongest part of  the rally, wave ( iii ) up. This wave ( iii ) up may stretch to 65.80 – 66.60. Then we may get a corrective decline in wave ( iv ) down targeting 62.20-61.30. And that pullback should follow by another rally in the final wave ( v ) up.