It appears that sub [b] has completed. Notice the break of the mid-line of the channel that had supported for a couple of days.
Price came within a whisker of the 23.6% retracement level of minor A. [c] = [a] at 57.39. The first little daily swing projects to 62.03, which is very close to the 38.2% retracement. All basis continuous contract.
Don't be surprised if they turn a triangle here. It has all the makings so far.
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