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Crude OIL May Face More Upside

Discussion in 'Technical Analysis' started by Kaitlin, Sep 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On the 4h chart of crude oil we can see a very deep retracement from 49.35 but still in three waves which means that it can be a corrective move. An updated count shows idea of wave two pullback that bounced from important 61.8% Fibonacci retracement level. So far we[​IMG]

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