Oil (CL) Short Term Impulsive Structure Suggests Further Upside

<p><img width="612" height="357" src="https://www.actionforex.com/wp-content/uploads/2018/11/f-oil50.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2018/11/f-oil50.jpg 612w, https://www.actionforex.com/wp-content/uploads/2018/11/f-oil50-600×350.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Oil (CL) ended cycle from 9.28.2023 high as a 5 waves impulse. Down from 9.28.2023 peak, wave 1 ended at 81.5 and rally in wave 2 ended at 90.78. The instrument then extended lower in wave 3 towards 74.91. The 1 hour chart below shows the move down ending wave 3. Then it corrected in […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528430-oil-cl-short-term-impulsive-structure-suggests-further-upside/">Oil (CL) Short Term Impulsive Structure Suggests Further Upside</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>