Crude Oil made it !! Are We close to an uptrend rally?
Crude Oil is ready for its rally, specially because production outrages from OPEC and Arabia Saudi will contiue to spring next year and have created a clear market structure.
Once We break up the $80 zone, prices will start an uptrend (major wave 3) . Crude Oil prices, might reach a swing around $110 to $125 per barrel in the next following weeks or months.
In the next few days prices might reach $83/$85 according to a minor degree wave 3. However, We might experienced a short correction from a minor Wave 2 formation to potential magnify a minor degree wave 3.
Once We break up the $80 zone, prices will start an uptrend (major wave 3) . Crude Oil prices, might reach a swing around $110 to $125 per barrel in the next following weeks or months.
In the next few days prices might reach $83/$85 according to a minor degree wave 3. However, We might experienced a short correction from a minor Wave 2 formation to potential magnify a minor degree wave 3.
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