Elliott Wave Analysis: Crude Oil In A Big Bearish Drop! By: TalkMarkets May 13, 2019 at 17:36 PM EDT Crude oil has recently been trading in a higher degree wave B correction, that is part of a three-wave reversal down from 77.7 region. Read More >> Related Stocks: Ipath S&P GSCI Crude Oil TR Index Series B ETN Ultra Bloomberg Crude Oil 2X ETF United States Oil Fund