former Analysis is still valid. We anticipated this upswing with the big pattern.
Further long signals have been generated (break of ).
Another long signal ahead, when building new higher highs around the level of 34.20.
Keeping in mind that current swing can start retracement at any time.
Possible scenario. After testing levels of 34.20 oil could fall again to level of 29 USD. With this a possible inverted SHS might appear and with next attempt of testing 34.20 level the neckline might be broken.
Stay tuned for further analysis on this.
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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.