Bulls are quietly taking control

570
Crude Oil CMP 63.70

Elliott - crude oil has taken support at the ivth wave marked in grey at 58.

Fib - after taking support at the confluence at 55 it is now taking support above the higher confluence at 62. This is now indicating strength.

Oscillators - RSI at bull support is indicating trend is up. Divergence in composite is conforming reversal.

Conclusion - Without Elliott life is difficult.

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