If Oil is driving these markets currently then can we expect it to roll over anytime soon ? looking at the daily chart it looks to be in the last leg up of a 5 waves up ...
Whats your thoughts remo ? I guess the markets will start to drop off as and when this does ?
What fib level would you look out for as the target for the top of wave 5 and from which high and low ? isnt wave 5 generally the same in lentgh as wave 1 ?
Around 47-48 seems to be plenty of stiff resistance