Support is building around the 1.44 level + a possible ABC correction following a potential wave 1 breakout.
This is also correlated with USOIL wave B top which could bring the commodity down for a last C wave.
This is also correlated with USOIL wave B top which could bring the commodity down for a last C wave.
Note
Stop loss: 1.4265Target : TBD
Alternative scenario : if the previous support breaks, wait for retracement then sell down to the 1.4 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.