UKOIL. Last wave up is pending. Then dip down.

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CFDs di Minyak Mentah (Brent) (FX:UKOIL)

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FX:UKOIL CFDs di Minyak Mentah (Brent)

Hi there!

Brent should do last micro wave up to finish this prolonged corrective wave 4 up.
Then we can see further dip down at least to previous low area.

Invalidation above 46.39.

Best!

Komen:

UPDATE. microwaves count worked perfect we had 4 and now we have 5 in progress.
BUT - USOIL invalidated the count already.

UKOIL was just 29 cents off the invalidation level (46.39) at today's high (46.10).
I prepared the count for case of invalidation (as USOIL did).
Anyway we should see good selloff abc down first as part of correction.
Let's see how it goes!

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