INTRADAY   I   4HOUR   I   DAILY   I   WEEKLYIntradayOil 1 Hour ChartWednesday, 16 January 2019 at 6:56:00PM AESTCrude oil slowed down in wave 4 as well, right here around ideal 38,2% Fibo. retracement. It's probably trading within a bullish triangle pattern that can send price even higher for wave 5. We remain bullish as long as price keeps trading nicely within channel range! 4 HourOil 4 Hour ChartWednesday, 16 January 2019 at 6:30:00PM AESTNo change.On energy we see price recovering in an impulsive manner, ideally unfolding a bigger three-wave reversal.With current rally from the 42.46 level comes an indication that a low had been put in place for a former higher degree wave A and that a bigger black wave B correction can be in the making. In such case, a five-wave rally for sub-wave A of B can now be in development which can later look for resistance and a turn into a minor sub-wave B correction near the 55.30 area (area of Fibonacci projection zone of 261.8).That said, at the moment we are tracking minor wave 4) of A, which can look for support around the Fibonacci projection zone of 38.2 and 50.0. DailyOil Daily Chart13 January 2019Crude oil is making a recovery from the lows (42.65 level), giving us an idea that higher degree wave A has completed its impulsive drop down from the 76.8 area, and that a three-wave recovery as wave B can be in play. In such case, we can see more upside on the pair, especially once corrective sub-wave B of B fully develops.Resistance for black wave B correction can be later found from 55.60 level to 64.00. WeeklyOil Weekly Chart02 January 2019Crude oil is unfolding a bigger, bearish wedged structure known as a EW ending diagonal. We specifically see price in an upcoming three-wave development down from wave IV) swing high. It can be wave V), which can look for support and a bullish reversal near the 27.50/22.00 region.