CRUDE-4-29-19

All Rates will be raised by 25% on 1 May 2019

Crude oil - may stretch over $68

I have been counting the rally started off December 2019 lows as a corrective temporary pullback. At this point it looks like a corrective A-B-C structure. The last top made at 66.60 on 23 April 2019 looks like the top of wave ( iii ) of C and this drop is a micro correction in wave ( iv ) down before another thrush higher in wave ( v ) of C of ( B ) up. That wave ( v ) up 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.

Crude oil - 90 min chart updated on 4/29/2019

Start to Learn Now!

Subscribe to my video course
and learn to predict market moves

YouTube Channel

Subscribe to my
YouTube channel

Check My Latest Updates!

Check out
the recent updates

Login