DineshKrishna

Crude Oil High Significance Elliott Wave Analysis

NYMEX:CL2!   LIGHT CRUDE OIL FUTURES
hi Readers,
The Chart deals with weekly time Frame
As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed. so , after an intermediate downtrend for completing the X wave, the market resumes its upper trend to the areas of 55.12 $
For analysis below this degree, that is on daily time frame click here,
Thanks for reading
Feel free to contact us in need of any assistance
Happy Trading
Dinesh -senior Technical analyst
LeadBrains FSL             - http://www.mytradingcourses.com Trading education & training firm

thanks .
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http://www.mytradingcourses.com/#!Crude-oil-An-Elliott-Perspective/m8kvq/57448f5f0cf2192cec04dabd
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