Crude Oil:Wave Analysis

The graph given below can be the most probable wave count for Crude Oil (MCX India) in the Daily timeframe.

  • The major trend of Crude Oil is likely to be up.
  •  The current trend might be down and might be going towards 3440-3400 levels.
  • The sub-wave (B) can be ended near 3440 to 3400.Check these levels if Price continue to go down
  • Check the breakthrough at upper line of the consolidations if price go upward without testing the given levels   

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