Oil
Video
Roadmap & Big Picture View
Big picture review (Roadmap) of multiple technical to suggest:
- That the recent low was in proximity of potential support zone.
- It coinciding with price divergence between WTI & UK Brent accompanied with dropping volume suggesting easing in selling pressure.
- Elliottwave counts and momentum divergence.
- Evidence of new cycle in early stage with recent pivot high being taken out.
- 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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