Subscription: Micro Counts of Crude Oil & Nat Gas
Crude Oil - may extend to 67.20
As long as Crude holds over the previous low at 62.28 (bottom of wave ( iv ) down ) it may extend higher in wave ( v ) up. We can count micro a-b-c up off the potential low of wave ( iv ) down as wave i up followed by a-b-c down in wave ii down. If that previous low does not hold that could be just another leg down in a corrective wave ( iv ). That wave ( iv ) down may extend up to 58.28, the low made by wave ( b ) of ( iii ), without jeopardizing the count and potential for another move higher.