Oil Brent
The nearest target is at 96.00 in continuation of the 5th wave on D1
H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend.
What to expect now?
Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88
When opening a position, it is best to exit the position from the level of 86.47 - 85.66, if this scenario does not materialize.
Long
Targets 89.98 - 91.40 - 92.75 - 94.88 - 96.00
The nearest target is at 96.00 in continuation of the 5th wave on D1
H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend.
What to expect now?
Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88
When opening a position, it is best to exit the position from the level of 86.47 - 85.66, if this scenario does not materialize.
Long
Targets 89.98 - 91.40 - 92.75 - 94.88 - 96.00
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.
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.