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Crude oil is close to completing wave B of a Zig-zag correction. Ideally, wave B will complete near 88.05, but we could see a small extension closer to resistance at 88.80 before wave C takes over for a decline towards 79.34.
Once the corrective decline from 95.03 is complete, a new impulsive rally should take over for a rally towards at least 111.00 and like closer to resistance at 129.10.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
