Brent Oil - Potential Wave Forecast

Trade Idea with LT

• Price Action: Price has been bearishly strong from 08/03 to 23/03. We are looking to ride another bearish move like it. In order for a sell to happen we need buyers. The Price from 23/03 to 29/04 has been welcoming buyers in the market. The 30/04 daily candle may be a sign of the sell.
  
• Technical Analysis: We are looking at a corrective move ABC to be completed. Price has come back under the resistance which might be a sign of a good sell to come.
  
• Commitment of Traders: Big Players are buying CAD which can make oil go down.
  

Good Luck
Manage it well.

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