Crude Oil

Just some quick technicals on Crude Oil - from an Elliott Wave perspective I've got it as a 5-wave completion at $44.01 on the 26th August off the April lows. So looking for a 3-wave counter trend move to unwind it. Wave equality is looking for $34.00 which has nice confluence to the wave-(iv) or a lesser degree lows around $35.00 which also lines up to the ending diagonal target. If we get the pullback completing here then we would be looking for strong buyer support to come back in at these lower levels. The next up cycle then targets $71.00 minimum by mid 2021. EW is a step by step process with each stage having to prove before the next stage takes over. So looking for $34.00 - $35.00 first, then watching to see if symmetry maintains and demand returns . E .