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EWS
Sep 26, 2017 6:47 AM

Crude Oil - Is following the expected path higher Long

Crude Oil FuturesNYMEX

Description

On September 14 I called for the completion of the B-wave triangle. All it would take was a break above 49.42, this resistance was broken on the very same day. This confirms that wave C higher towards 67.27 now is developing.

In addition to the complete B-wave triangle. A inverse S/H/S bottom can be seen, This formation calls for a calculated rally to 58.89.
Comments
tbuckle
Here we go, now that the bears thought they had a break out and got all excited which ended in failure, now it's the bulls turn to think "this is it - the break out we've all been waiting for". Think we've seen how this ends. Cheers.
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