Crude Oil

It appears that we have impulsive price action. The only wrinkle is that there is slight overlap on the initial move off of the 68.84 L, however, not on a close basis.

I will assume that (iv) has finally finished until proven otherwise.

There are a couple of ways to count this initial impulse. I show sub-minuette i ending at the 71.13 H. It is quite possible that it actually completed at the 70.88 H with a truncated 5th, as shown as my alternate.

iii = i at 72.06. iii = 1.618 of i at 73.48. If correct in my assessment of structure, we should see price start to accelerate to the upside as it hits its wave iii.

Crude is setting up to finish its minor C leg. This should time fairly well with the dollar completing its 2nd wave.