Crude Oil (WTI) (US$22.77)

WTI is likely to fluctuate between US$18 and US$26 in the next few months to form the wave iv of 3 of E. Wave v of E will take another few more months and that will stretch the down trend easily until end of 2020.

Wave E may not be the end of the mega wave (2). The next major rebound is likely to be wave X follows by another ABC waves or ABCDE waves.

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