Oil is near the 1:1 extension of wave 5 in wave C, may bounce from here as there appears to be bullish divergence.
Lower level at $51,18 is the 1:1 extension for wave C.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.