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UKOIL large impulse wave down completed. I suspect its bouncing on an ABC retracement move here.







BCOUSD If Brent oil settles below the $62.00 level, it will head towards the nearest support, which is located in the $60.50 – $61.00 range.

UKOIL Oil is broadly following the plan despite a few local-structure nuances. Keeping the base path down (iii → iv → v); invalidation = sustained hold above 68–69.
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