Looks like price is progressing along assessed evaluation from previous chart. I think we are in a C wave portion of a correction for Wave 2 on Crude Oil. Technicals on the 4 and 5 hour charts are bottoming out so may get a bounce here pretty quick.
Note
Wave C looks to be completed at least technically. May see another push down but put options looks to have sold off so expect this to continue up.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.