Crude oil has turned around sharply up after breaking below 60 dollars per barrel back in April, and what we’re seeing now is an impulsive five-wave rally as Israel attacks Iran. This situation can just get worse, so energy can stay up, therefore more upside is expected after a new ABC corrective pause, which can retrace the price back to 67 support area.
![Crude Oil may face a corrective pullback [Video]](https://socialstatic.fmpstatic.com/social/202506/6534d8453e6e97148684dfb2253e5d750e666640.png?x-oss-process=image/resize,w_1280/quality,q_70/format,jpeg)
Crude Oil four-hour chart
For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed on June 16, 2025:
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now