Crude oil is higher as demand continues as governments are not making any new restrictions ( yet) due to increasing covid cases. Price is approaching 2021 highs which can be retested, but the question is if this will be made by three waves or impulse.
Well, a broken channel on 4h clearly means that bulls are in play, and we should be aware of further strength. A drop back below 78 in impulsive fashion is needed for intraday "top in place".
Crude OIL 4h Elliott Wave Analysis
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