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Oil Should Continue Lower To Build An Impulsive Structure

By: TalkMarkets
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55.
Related Stocks:
Crude Oil Ultra Bloomberg Crude Oil 2X ETF United States Oil Fund
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