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Brent Crude & Markets

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9 years 10 months ago #13723 by Richb
Brent Crude & Markets was created by Richb
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

The following user(s) said Thank You: chief66

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