Crude

The crude market continued higher this past week as expected.

My interpretation of the crude structure remains the same. I have price tracing minuette (c) of minute [d] in a minor B triangle of intermediate (B). My alternate view is that this is a minute [iv] triangle.

Price ran into the upper boundary of the corrective channel and was initially repelled, but finished Friday's trade closing above it. This also closes price above the daily 50 sma.
I show minuette (a) completing at the 71.39 H, however, it is possible that it actually finished at the 71.97 H.
I'm not real concerned with exactly how the internal structure traces out. Just be aware that this wave could end at any time.
Should price trade through the 75.89 H or the 61.38 L, this would invalidate the triangle view