Crude looks to have formed a reversal right at the crucial support level of 46.90, if this support level is held then this is most likely an Ending Diagonal in Wave C.
If things go as expected this market will see levels above 51.95 in the upcoming sessions.
Crude Oil Ending Diagonal 2nd June , 2017 onwards(Elliott Wave Analysis)
I will update further as this market progresses.
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