Crude Oil Steps In A Corrective Recovery
Aug 1, 2024

CRUDE OIL

Crude oil is strongly stabilizing after a completed five-wave drop from the highs, so it’s making a higher degree A-B-C corrective recovery. Current impulse up into wave A can be coming to an end at temporary 79-80 resistance area, from where may see a corrective setback in wave B before we will see a bigger recovery for wave C up to 81 – 83 strong resistance zone.

Crude Oil Steps In A Corrective Recovery Crude Oil 1H Chart
Crude Oil 1H Chart

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