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FX.co ★ Elliott wave analysis of Crude Oil for August 10, 2023

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Forex Analysis

2023-08-10T05:30:34
iconRelevance until2023-08-11

Elliott wave analysis of Crude Oil for August 10, 2023

Elliott wave analysis of Crude Oil for August 10, 2023Crude oil has broken above the resistance level of 83.53 confirming that the corrective decline from 130.50 is complete and a new rally to 147.26 is likely to occur.

Support at 75.55 may act as a firm floor for the next impulsive rally in wave C.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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