Oil is trading in an uptrend channel which started from $62.047.
The elliott wave analysis shows us that we are in subminuette wave i of minuette wave v.
If this plays out, then we should expect a retracement to subminuette wave ii from which we can go long to subminuette wave iii.
NOTE: Not a recommendation. Just an opinion.
The elliott wave analysis shows us that we are in subminuette wave i of minuette wave v.
If this plays out, then we should expect a retracement to subminuette wave ii from which we can go long to subminuette wave iii.
NOTE: Not a recommendation. Just an opinion.