Oil- in 4th wave correction

If it travels below 46.40$- Let us look for a last wave in the 4th wave in the range 45.50-45.70 from a top 49.35$ or going above 48.50$- oil could turn bullish with immediate swing low as a stop. If turns bullish now above 48.50 or going first in the zone 45.50--45.70- either ways oil is looking bullish for targets 52.50-52.70 at present.

Regards,
Abhishek H. Singh, CMT

Operación activa:

05:40 Hrs-IST-31st Aug2016- Bang On- Look Crude touched our objective zone of 45.50-45.70 as expected. Made alow@45.75- Vow.