Aug. 22 at 3:49 PM
Chart of the day: Crude oil (
$CL) is extending its bearish zigzag from the June 23 high.
🔗 https://elliottwave-forecast.com/news/elliott-wave-forecast-oil-cl-anticipating-decline-64-7-level/
Wave C’s final leg is in play—Wave (c) now targets a corrective
$64.68–
$66.01 zone before the downtrend resumes. As long as
$70.58 holds, rallies should fail in typical 3–7–11 swings.
#Oilprices #WTI #ElliottWave #Commodities