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TRDVMA

Brent Oil Update- Oil may go down from this point on

عقود الفروقات السعرية للنفط (خام برنت) (FX:UKOIL)  
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FX:UKOIL   عقود الفروقات السعرية للنفط (خام برنت)
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All time frame wave counts seems complete.If correct, oil may go back to 36 $. This would also mean that USDCAD will start moving up.
تعليق:
Strong thrust signal as confirmation of larger down move ahead. USDCAD started moving up as well. Very good timing to jump long in this pair. However as there is a rate decision at FED today (at 2pm), I will opt to wait, as I don't like speculative surprises.
تعليق:
Seems like there is some more juice left to squeeze out of oil. Still no significant breakout. I can see a wedge in formation at hourly chart which is a bear sign. Oil shall not go much further without an imminent and significant correction from this point on, if technicals are to be trusted. The moment Oil start going down, USDCAD will start moving up.
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