Light Crude Oil futures (CL1!) - Updated EW count CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! cyclewave Light Crude Oil futures ( CL1! ) is in correction as wave 2. Wave 1 has ended on top as mentioned in previous EW count updates. In 1st major wave from bottom internal wave (i) and (v) were equal in length and wave ( iii ) was about 1.61 times of wave (i). Also as mentioned in previous updates that (v) wave has internal ((iv)) wave as triangle, which reversed faster in correction as sharp ABC zigzag , which completed wave W in bigger WXY correction as the part of wave 2.