Crude Oil H4 Update

The dominant cycle on Crude seems to work very well here. As per indication the top should be in place for wave 3 and 61%Fibo Ret level should't be breached.

Overall count is bearish but lack of implulsive development put this labeling into question if SUPPLY level is broken to the upside.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/crude-oil-h4-update_18.html