OIL is up over $17 over the last week and has come into a critical area between 114.26 - 115.42.
This is the area where we have the ABCD completing and also the 61.8% Fib level from the March high.
We have a critical turn point coming up which gives us A-B=C-D in time. I will post the AI in the update area with expected trend for the day and we could get a minimal move back down to 105-107 area but possibly more with a bigger correction.
Above 116 and it could get to the 1.618% expansion of the last correction near 120.
I hope this helps. Enjoy the day.👍👍
This is the area where we have the ABCD completing and also the 61.8% Fib level from the March high.
We have a critical turn point coming up which gives us A-B=C-D in time. I will post the AI in the update area with expected trend for the day and we could get a minimal move back down to 105-107 area but possibly more with a bigger correction.
Above 116 and it could get to the 1.618% expansion of the last correction near 120.
I hope this helps. Enjoy the day.👍👍
Note
Looking for the 15:15 time zone for a CIT. I fits up into the time then we could sell off for the day or if it is down into the time then it could march higher.
t.me/OCEANAISIGNALS
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
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.