Please see my post from July 3 here first: http://theelliottwavesufer.blogspot.dk/2013/07/elliott-wave-analysis-of-crude-oil.html
Well Crude Oil is finally on the move again and could be headed towards 120.84 as the next major target. As wave i and ii is almost equal in length we should expect wave v to extend and that would call for a rally towards 120.84 before wave 3 comes to an end. Longer term we still should be looking for a rally higher towards 126.87 before this C wave is over.
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