Crude Oil forecast as of 10/13/2009

QMX9 – Market moved a little bit above the recent trading range. This might mean that finally the “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th will be finished.

QMContinues_091013_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

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