The crude market corrective continues. We have now registered 17 trading day's in a sideways market.
Although this chop has been difficult to discern from a pattern standpoint, it has been very tradeable with plenty of range.
We show a simple (a)(b)(c) , though it's possible we are tracing a combination.
We have broken free of the 20 sma and appear headed for a meeting with the 50 sma, which is at 74.57 and rising.
Conclusion should see one more leg down to complete the structure
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