JVtrading
Long

Correction over? Brent Oil long

FX:UKOIL   Crude Oil (Brent)
79 0 2
5 months ago
It looks like a abcde formation is complete. I expect UKOIL             to exceed the top marked III             in orange
5 months ago
Trade closed: stop reached: Well well....what do we say.
It was well on its way to go for a new top. Back to the drawing board.

At the moment UKOIL is right at the bottom of the channel. For me the waves do not count nicely to say this is wave Circle E.

Now we wait and see where the market wants to go. It is still possible BUT the internal wave counts will have to be re-examined and that will only show its hand in a day or so. Tommorrow is NFP which might or might not throw a spanner in the oil.

Wait and see for now
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out