Commodities Analysis from GoldTC.com

Oil set for a short term recovery

Oil has been moving lower sideways in the last few days

 

Oil continues downside

 Oil has been in a steep decline recently and our expectations were correct

Oil set to accelerate downside further

Crude Oil counts suggests further downside after key trend line break.

Oil searching for a short term bottom

 Oil moved lower and is completing its final wave of the pattern as mentioned

Choppy downside to continue

 

Oil begins the final wave down of the pattern

Crude Oil expected to weaken further

 Crude Oil failed to provide a strong counter trend move yesterday which indicates weakness ahead.

Oil completes wave 3

 Oil is set for some technical recoveries from support regions.