Crude oil is now turning slightly down from around 98.60 after only three waves up from 95.20 so we labelled this move as wave b) that is part of a complex correction in wave iv). We are tracking idea of a flat where we may see a re-test of 95 area before prices may turn up again for wave (v) of A.
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OIL Elliott Wave Analysis: Complex Correction In Wave (iv)
