Crude Oil recovery is likely to extend further

Gregor Horvat Wavetraders

Crude oil is turning to the upside, now approaching the gap from Sunday, which may act as potential resistance once this initial five-wave uptrend concludes. But, after a pullback into wave B, we still expect further strength in crude oil, maintaining its recovery mode amid reports that Iran is preparing to strike Israel.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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