UKOIl. Brent.
Oil has been in a constant uptrend for months. The wave count concludes that this is the last impulse leg to the upside, after which we could see a bit of decline in the oil prices.
This is currently the wave 4 correction in the form of ABC zigzag, which could complete near 100% of wave A. However, we can still use this bullish momentum to gain profits and buy oil once we see the price breaking upside.
Oil has been in a constant uptrend for months. The wave count concludes that this is the last impulse leg to the upside, after which we could see a bit of decline in the oil prices.
This is currently the wave 4 correction in the form of ABC zigzag, which could complete near 100% of wave A. However, we can still use this bullish momentum to gain profits and buy oil once we see the price breaking upside.