common wave length
possible price movements
possible price movements and significant levels
expect 68 Russian rubles for a US Dollar nearest months once oil falls below the significant level of $45 a barrel.
Or 54 and below if Brent oil reaches 57 and breaks above.
On the chart
Target $46/barrel followed by relatively small pullback
Structure and prices based on fractal levels
on the graph
Everything on the graph, due to my dyslexia :D
Generally feeling bearish. SIMILAR MARKET BEHAVIOR (FRACTALS) ARE PUT IN RED RECTANGLES.
Breaking above $56.50 might refresh the target up to $60 a barrel.
on the chart
generally a bear market
moving to $42/barrel and eventually below to support level of $40
left on your perception