Very likely major wave 3 has ended and major wave 4 has started. I expect this major wave 4 to last until 2017 with a possible high of US$80 a barrel.
The run-up in the last few days is either the sub-wave iii
Or it is the wave b of sub-wave ii.
But whatever it is, I expect the crude oil price to move higher in an up-trend channel until 2017 with possible peak at US$ 80 a barrel.
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