BRENT CRUDE

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Hello and welcome to this analysis

UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support.

The expected rally from the suggested levels could take it towards $115

In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101

In terms of MCX Crude - the corresponding levels are
$ 85 > INR 6100
$ 101 > INR 7600
$ 115 > INR 8400
Uwaga
MCX Crude Oil
snapshot
abcdchartpatternbrentoilgartleypaternharmonicpatterncollectionHarmonic PatternsichimokutheorykijunmcxcrudeoilTrend AnalysisCrude Oil BrentCrude Oil WTIWave Analysis

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