Crude Oil went well

In our analysis from March 16th we were waiting for a decline in wave 5. That forecast of crude oil went well and on the chart below you can see the result. A clear impulse to the downside suggesting that the main trend is pointing south. Trend direction is now expected to reverse for a while, since we have to prepare for a three-wave rally.

18.3.14

Chart by www.trader.bg

 

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