Monday, November 1, 2010

Crude Oil: Flash Update II

Price has traded above the upper boundary of the triangle and the corrective channel. While a new recovery high has not been met, the wave structure looks impulsive. So far so good as price action is now confirming my analysis. You can read the first flash update at : http://elliottwavelive.blogspot.com/2010/11/crude-oil-flash-update.html

Best of Trading.

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