Crude Oil Is Setting Up For A Further Recovery
Nov 6, 2025

CRUDE OIL

Crude oil is recovering after new sanctions against Russia, with price rebounding from 56 sharply and impulsively. This suggests an important new swing low is in place, and we should now be aware of more upside ahead, with a minimum three-wave recovery that could take us toward 66.40 or even higher, after that wave b/ii setback, which is now coming nicely into 58-59 support area.

Crude Oil Is Setting Up For A Further Recovery Crude Oil 4H Chart
Crude Oil 4H Chart

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