Update - Wyckoff and Elliot CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! Sabaudo Looks like price is progressing along assessed evaluation from previous chart. I think we are in a C wave portion of a correction for Wave 2 on Crude Oil . Technicals on the 4 and 5 hour charts are bottoming out so may get a bounce here pretty quick.