Crude Oil futures - CL - Elliottwave analysis - ABC zigzag over CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! cyclewave Crude oil futures - CL- It is in simple ABC zigzag move up and 5th of C wave is in progress. Alternatively it can be the 3rd wave and may go higher after correction. But in both count there should be some price correction. So it is sell set up once the price completes the C wave up nearly equal leg size of A to C at 42.90 level. Thereafter wait for impulse down in 5 min time frame to get in to sell trade with high as stop level. Give thumbs up if you really like the trade idea.