TVC:UKOIL CFDs on Brent Crude Oil
Looking at the weekly time frame, price has failed to break a . Within this, on the daily time frame, price is currently at the bottom of a counter . If this is broken, we should see large movement towards the 28.00 level. This target is where an completes and where a fib extension completes. The overall trend is , we are currently in a series of lower lows and lower highs, furthermore at the the top of the C leg is in the 61.8% fib entrancement level on the monthly time frame. Look for a break of the counter for confirmation.