Crude

Crude put in a doji day. Range was 1.97, while volume was considerably less than yesterday.

As expected, it appears that micro [5] finished up today. If this is correct, sub-minuette c and minuette (b) would have completed as well.

Price action does not appear to be impulsive off the 70.67 L. Perhaps we will see something complex for (b), or maybe c is still incomplete.

I'm satisfied that [5] finished, as it counts fairly well. I do have an alternate that may come into play. It's possible that the 5 waves down only finished a. This would imply that minuette (a) finished at the 75 H in a double zigzag.

Don't forget that this is a minute [b] wave that price is tracing. B waves are notorious for being complex.

Notice the monster positive RSI divergence registered at the 70.67 L.

We need additional information to make a determination of what exactly structure is up to. Should we takeout today's low, I would more than likely switch to the alternate count.