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.
I will update further as this market progresses.
Note : One year training batch is starting from June 2017 onwards, those interested can check all the details here.
Learn to trade using Elliott Wave Principles – My Video Course
To receive these updates at the earliest you can subscribe to my Emailing List.
Disclaimer – All content presented here is strictly for educational purpose, do read the complete site disclaimer before taking any action.