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$- oil could turn bullish with immediate swing low as a stop. If turns bullish now above 48.50 or going first in the zone 45.50--45.70- either ways oil is looking bullish for targets 52.50-52.70 at present.
Regards,
Abhishek H. Singh, CMT
Oil is running in 5th wave. I have been looking since yesterday -for 47.20-47.40 zone- It cam close to 47.45- Once crosses 48$- Let us look for 4-5 $ push to carry it in 52-53 Handle.
