JAN 21 CRUDE OIL INTRADAY NOTE

INTRADAY CRUDE OIL NOTE:

Although we remain skeptical that this wave (b) triangle is not going to expand further, we do see that the minimum requirements for an almost complete wave (b) triangle as follows:

-a- = 45.96;

-b- = 49.14;

-c- = 46.41;

-d- = 47.61, if complete

-e- to go to complete all of the wave (b) triangle.

We would be surprised if the above is all of the wave (b) triangle, but we have been surprised before!

Thanks!!

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