The Crude Oil has been on the upside for the last 3 months, in what seems to be the fifth and final impulse wave in a classic Elliott Wave cycle. After pulling the trigger and establishing a bullish position about a month ago, Roy is back to re-visit the technical situation, as well as to follow up on his current position and recent developments. Enjoy! 

Price chart of USCrude in real time mode

Crude OIL - Reaching our first price target

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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