Crude oil near completing the Leading diagonal.

٢٨ أكتوبر ٢٠١٧

Primary wave 1 of the cycle wave is a leading diagonal and is about to complete. 54.60-54.90 is the resistance. The major support is at 50.00, but, if 50.00 cannot hold, 47.00-48.50 area is the support and you never see any crude oil price below 50.00 ever again.

٢٩ أكتوبر ٢٠١٧

ملاحظة

Breaks above 56.40 negates this view and the bottom is already in place.