Crude oil has turned around sharply up after breaking below 60 dollars per barrel back in April, and what we’re seeing now is an impulsive five-wave rally as Israel attacks Iran. This situation can just get worse, so energy can stay up, therefore more upside is expected after a new ABC corrective pause, which can retrace the price back to 67 support area.

Become a premium member
Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.