The RSI diversion has proved itself. UKoil is down in the minor a and possibly b wave completed.
Expected target for the c wave is in the 51 to 50.88 region based on current Price action.
Gold has continued to push higher like Oil was doing 24hrs ago. That push in gold is also reaching maturity if not already. I expect a correction in Gold and once that start Oil will move faster. Basically Oil started already but is waiting for Gold to finish and start a correction.
Once Gold start, oil might lead the way and quickly correct to the 51 area.
The move we are waiting for is the upleg in wave 5..... in the direction of the trend. Speculative trades can be taken but risky to the downside.
Be Calm and ride that bear down
Happy trading
Expected target for the c wave is in the 51 to 50.88 region based on current Price action.
Gold has continued to push higher like Oil was doing 24hrs ago. That push in gold is also reaching maturity if not already. I expect a correction in Gold and once that start Oil will move faster. Basically Oil started already but is waiting for Gold to finish and start a correction.
Once Gold start, oil might lead the way and quickly correct to the 51 area.
The move we are waiting for is the upleg in wave 5..... in the direction of the trend. Speculative trades can be taken but risky to the downside.
Be Calm and ride that bear down
Happy trading
