Crude oil is reaching strong resistance zone.
Would crude oil corrects to form the right shoulder in 2018 before rally past the 60s ?
Below is the possible wave count.
Would crude oil corrects to form the right shoulder in 2018 before rally past the 60s ?
Daily support/resistance on 2nd Jan: 60.17, 60.12
Weekly support/resistance from 2nd Jan - 5th Jan: 59.87, 59.42
Weekly support/resistance from 2nd Jan - 5th Jan: 59.87, 59.42
Monthly support/resistance for Jan: 59.46, 58.17 (CLG8: 59.47, 58.20 )
Monthly support/resistance for Dec: 57.1, 56.47 (CLF8: 57.14, 56.58)
2018 Yearly support/resistance: 51.28, 57.16
2017 Yearly support/resistance: 49.35, 40.28
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