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US OIL Elliott Wave Technical Analysis

US OIL Elliott Wave Technical Analysis

Summary: Use the small best fit channel on the daily Elliott wave count. If price breaks below the lower edge, then expect Oil has changed trend. The target would be at least a new low below 47.06; it should be comfortably below that point. Expect price may continue higher while it remains within the channel.

US OIL Elliott Wave Technical Analysis

 

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