#OPINIONLEADER# #ElliottWaves# #CrudeOil# #forexmarket# #ForexForecast# #forextrading# #Commodities# #energy# #WTICrudeOil#
Market Commentary:
1. Looking like the bigger 5 waves in the leading diagonal got completed.
2. The major support is also ahead and it bounced from the today's low too 65.72.
3. The major support zone as mentioned here is 63.-65 and already we tested.
4. Previous i thought 70.80 is the completion of the trend and i expected the correction in 3 waves near 90$ in bigger 3 wave.
5. Now it did 4th wave a TRIANGLE and 5th wave got completed (it seems).
6. That 90$-92$ is the resistance zone and that is also the 38.2 Fib retracement for the previous 5 wave swing.
7. In the other hand i am looking for UCAD to drop to 1.3300. So if it CAD gets Strong OIL too.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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