NYMEX_MINI:QM1!   E-mini Light Crude Oil Futures
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If it travels below 46.40$- Let us look for a last wave in the 4th wave in the range 45.50-45.70 from a top 49.35$ or going above 48.50$- oil could turn bullish with immediate swing low as a stop. If turns bullish now above 48.50 or going first in the zone 45.50--45.70- either ways oil is looking bullish for targets 52.50-52.70 at present.

Regards,
Abhishek H. Singh, CMT
Trade active: 05:40 Hrs-IST-31st Aug2016- Bang On- Look Crude touched our objective zone of 45.50-45.70 as expected. Made alow@45.75- Vow.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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12:30 Hrs-IST-2nd Sep2016- Bang On- Oil falls more than expected.
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