UK Oil - Ending diagonal elliott wave ?Uk oil is consolidating from a long time and it is taking support on a trendline and making compression pattern from march 2023, As per my wave analysis we can see crude around 60 dollars.
After touching 60 we can see crude oil in uptrend. This is the last wave of downtrend 5 th wave.
Thanks
Ukoilanalysis
UK OIL Technical Analysis - The weekly outlook for UK Oil looks very positive and promising
- The base is getting matured on the weekly whereas the Daily base has already matured
- As of now waiting for the base to form and enter once you see a low getting taken out by huge demand
- My Bias over this is straight bullish and nothing else to consider