Elliott Wave Analysis: Curde Oil Making A Final Push Into Wave 5

Oil is making a sharp rally from 48.01 level and is now approaching the upper corrective channel. Looks like wave 4) is completed and current recovery is part of wave 5). A breach above the upper channel line will indicate more upside to follow. Wave 5) may later continue towards the 138.2 or 161.8 Fibonacci ratio.

And here is a video of Crude oil and some other pairs.

www.youtube.com/watch?v=EUTkDC8Q...