Silver is in a retracement, away from 17.29 where latest updated count shows completed extended wave iii) so current pullback can be corrective, especially if we consider that price made only three sub-waves down so far, currently testing support of 38.2% Fibo level as well as 16.90 swing of a former wave four. That’s ideal area of a support, so traders should be aware of anew turn up in sessions ahead.
Silver 1h Elliott Wave Analysis 
No change on WTI Crude Oil. We see prices in impulsive downtrend that could bottom sometime next week. But till then we could see another small correction of a fourth wave, possibly back to 63.60/64.00 resistance zone and then final sell-off close to $58.
WTI Crude (Jan 2014) 1h Elliott Wave Analysis
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Silver & Crude Oil Intraday: Elliott Wave Analysis
Published 12/11/2014, 06:32 AM
Updated 05/14/2017, 06:45 AM
Silver & Crude Oil Intraday: Elliott Wave Analysis
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