Crude Oil - Wave ii in place and wave iii ready to take over for a rally above minor resistance at 102.35 and more importantly a break above 104.99 for a continuation higher to 110.42. Only a break below support at 98.85 invalidates the bullish count.

Crude Oil Minor Resistance Line Broken

Wave ii is in place and wave iii ready to take over for a rally above minor resistance at 102.35 and more importantly a break above 104.99 for a continuation higher to 110.42. Only a break below support at 98.85 invalidates the bullish count (see the long term alternate count for crude oil in the member area).