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Monday, 14 October 2013

Crude Oil Futures H4

Last wave (iii) green has been finished with Ending Diagonal Wave (v) and now crude oil is in corrective cycle. More whipsaws and choopy price action should be expected as the most probabble pattern for this wave is a triangle. Range is 104.33 - 101.05 and only a breakout above the golden descending trend line would put the count into question.


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