Hellena | Oil (4H): Short to support area at 66.867.

2 501
Colleagues, oil has been in a sideways movement for the last month and is not living up to our expectations, but I still believe that the price will start a downward movement to the support area at 66.867.
Now the price is in a complicated wave movement, which I named (A, B, C). In fact, the movement is more complicated, but I will not describe the rules of the Leading diagonal now.
So I expect that the price will reach the area of 72, complete wave 2 and start a downward movement.
But there is a variant when the price will start the movement at once.
Therefore, I do not recommend long positions.

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Note
Well, oil over the last few months is quite a difficult instrument to analyze, because the unstable political environment brings its drastic changes.
Up to this point, I was saying that I expect the level of 72 to be updated, and now the price is already at 73.5.
If the price updates the maximum of 74, I will have to cancel the forecast in favor of long positions.

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