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Crude Oil Remains Bearish, Looking To Retest 2023 Levels

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Crude Oil Futures (Mar 2024) (NYMEX_DL:CLH2024)  
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NYMEX_DL:CLH2024   Crude Oil Futures (Mar 2024)
Trend Analysis Chart Patterns Wave Analysis commodity Energy Commodities Crude Oil Bearish Patterns Technical Analysis elliottwaveprojection
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trendanalysis chartpattern waveanalysis commodity energy crudeoil bearish technicalanalysis elliottwaveprojection
Crude oil made only three waves up over the last few weeks, which indicates for an A-B-C correction within downtrend. It actually retraced into golden 61,8% Fibo. and 80.00 area from where market turned down and now pointing lower, possibly back to the 2023 lows if the channel is broken. So, energy can see more weakness as latest latest 4h structure looks bearish for 68 and then even for 60 area if December low is out.
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