Crude oil has a good recovery this week. If below Elliot wave is correct, the first target could be around 49/50. As you can see, there are many resistance lines above. It needs time breakthrough all these resistance convincingly before we can see new highs!
Daily support/resistance on 17th July: 46.54, 46.27
Weekly support/resistance from 17th July - 21st July: 46.19, 45.20
Weekly support/resistance from 17th July - 21st July: 46.19, 45.20
Monthly support/resistance for Jul: 46.09, 45.61 (CLQ7: 46.13, 42.73 ; CLU7: 46.35, 45.92)
Monthly support/resistance for Jun: 48.38, 47.88 (CLN7, 48.44, 48.07; CLQ7: 48.68, 48.34)
2017 Yearly support/resistance: 49.35, 40.28
2017 Yearly support/resistance: 49.35, 40.28
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