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Crude Oil: Rally Is Corrective

posted by Avatar ew-forecast 285 days ago in USD, Daily, Oil made popular 285 days ago

On crude oil we are observing a corrective rally, which means that larger downtrend, started back in March 2012 remains in play. The price structure is showing a three wave movement from 77 low with a running triangle in wave B. Keep in mind that break out of a triangles are terminal. So, if we are correct, then current strength is wave C is a fina
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