Daily
![](https://media.dailyfx.com/illustrations/2015/11/17/eliottWaves_oil_2_body_crude.png)
Chart Prepared by Jamie Saettele, CMT
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-Crude oil has completed a head and shoulders continuation pattern. The objective from this pattern is 35.50 (new lows). Price is at a median line that was support for the October low so weakness below here could lead to a free fall towards the August low. Resistance is now near 43.