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Gregor Horvat

Crude Oil Resumes Its Weakness

Gregor Horvat - Contributor Content

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We talked about Crude oil on July 09, where we mentioned and highlighted that more weakness is coming for wave C after a corrective recovery in wave B. CLICK HERE

Crude Oil Resumes Its Weakness CL 4H Chart
CL 4H Chart
www.wavetraders.com

As you can see today on August 05, Crude oil is nicely falling after we recently spotted a corrective rally in wave B that nicely stopped at projected $70 resistance near 61,8% Fibonacci retracement, so it can now resume even lower within projected wave C towards 60-59 area at least, if not even lower.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

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