5 impulse waves down crude oil...ABC up... followed by bigger degree C downwards equal to wave A... Saudi oil is going to be back to normal production and recent inventory numbers show a surplus... Will take a short around $60 level if continues up.... OR break of current support with stop at 58.60... target is red line at bottom of chart...
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EDIT: If break of current support... my stop will be 59.50 NOT 58.60