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Friday, 29 June 2012

Crude Oil Elliott Wave Update H1 & Daily

Impulsive down move  (wave 5)  as indicated earlier.

Soon we will find out if this impulsive movement is completed or if it is just the leg 1 of a larger extended wave 5 to the downsiade.

Alternative count on chart.

New low means wave 3 is in progress. New high would confirm the bias to the upside corrective move.

Seb



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