QuercusTrading

Brent Crude Oil - Going up

Long
OANDA:BCOUSD   Brent Crude Oil
Price printed a running flat last week, which typically fails.

The impulse 5-wave up has now retraced for an entry.

At the minimum, we should hover for a while and see another 5-wave move up.

This appears to be a corrective trade that is counter to the main direction, so be nimble to exit at any signs of a top.

Invalid below 82.25.
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