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Crude Oil:
If my count is correct we should be ready for the next powerful rally above resistance at 104.37 and the resistance-line at 105.40 as wave iii moves higher towards at least 107.42 and likely even higher towards 110.75.
Ideally we will see support at 102.59 protect the downside for the break above 103.74 to confirm 104.37 on the way higher towards 105.40 and 107.42. Only a break below 101.88 will invalidate this count.
