Crude Oil - starting a strong drop
I have been bearish on Crude for several month because I believe we should get a drop to a new lower low to complete the Five Wave Down fractal. To complete the final wave ( c ) of ( 5 ) down we should get the final drop under the low seen in Feb’2016.
Crude Oil - Daily Chart updated on 7-17-2019
This is expected to be the strongest part of the drop in wave C of 3. I can easily drop to 43.90 or even lower…
