The current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoveries. From the peak, the price dropped to 55.12, completing wave (W), followed by a rally to 65.07, […]
The post Elliott Wave Perspective: Oil’s (CL) Rally Likely to Stall, Signaling Deeper Losses appeared first on Action Forex.
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