Crude Oil - Ideally a test of the 50.16 - 50.98 resistance area will be seen before a minor correction set in
It has been pure pleasure to track crude oil up from the 26.06 low. Ideally a little more upside closer to the 50.16 - 50.98 resistance area will be seen, before a correction towards 43.03 sets in. Should the correction from the 50.16 - 50.98 area move below support at 41.90, the count will be changed from wave [iii] to a series of wave s one's and two's indicating an even more bullish configuration for the longer term picture.
Looking at the longer term picture, much more upside is expected in the weeks and months ahead, with the next major upside target seen at 62.58.
When a 1+ is highlighted in the right hand corner, more charts is available in this chart-pack 3 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.