Crude Oil hits our bearish target

7 Ağu 2019

Crude Oil (CL) met the first bearish target at $51.55 as was commented in our long-term wave analysis on July 28 (read more). In our previous post, we mentioned the formation of a flag pattern, which called for a new decline. Once the price made a bounce completing a three waves sequence, the price started to continue the bearish path.