Oil (CL) Should See at Least 3 Waves Rally Soon

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil79.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-oil79.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-oil79-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Cycle from 9.28.2023 high in Oil (CL) is in progress as a 5 waves impulse Elliott Wave structure. Down from 9.28.2023 high, wave 1 ended at 81.50 and rally in wave 2 ended at 90.78. Oil then extended lower in wave 3 towards 72.16. Wave 4 at 79.55 as the 1 hour chart below shows. [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/530444-oil-cl-should-see-at-least-3-waves-rally-soon/">Oil (CL) Should See at Least 3 Waves Rally Soon</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>