Oil

Video

Roadmap & Big Picture View

Big picture review (Roadmap) of multiple technical to suggest:

1. That the recent low was in proximity of potential support zone.
2. It coinciding with price divergence between WTI & UK Brent accompanied with dropping volume suggesting easing in selling pressure.
3. Elliottwave counts and momentum divergence.
4. Evidence of new cycle in early stage with recent pivot high being taken out.
5. Possible upside target even if this is just a retracement bounce.

Oil - New Bullish Cycle in the Making

Charts & Notes

Oil - New Bullish Cycle in the Making

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