Crude Oil forecast as of 11/06/2009

Nothing has changed when it comes to crude oil. Market is still consolidating and  Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty of room to go.

QMContinues 091108 11.19.31 085.7A

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