Crude OIL
Oil is heading for a further fall and is in main topic of news. The world is tracking this fall and we hear that there are many buy options at 30 price levels. Looking at our chart we see lower levels ahead in all scenarios from the current possible triangle consolidation.
Crude OIL, 1H
On the 4H chart of AUDJPY the price made a nice looking impulsive structure from 88.250 area, where we labeled the end of black wave 2, resulting as black wave 3. That said, we now expect a three wave correction in black wave 4 to around the previous blue wave iv-circled of a lower degree, where the price could then continue lower in the sessions ahead.
AUDJPY, 4H
