- May 12, 2010
- Posted by: Ramki Ramakrishnan
- Category: Oil
Here is a chart of Light Crude oil that I prepared yesterday for a Reuters presentation. As you can see from the elliott wave analysis and labels marked on the chart, I expect a slight recovery from the mid 75s , but eventually we should be prepared for a move lower to $65 or even to just under $60 in the coming days/weeks.