IN THE NAME OF ALLAH THE MOST HRACIOUS THE MOST MERCIFUL
I DO THINK OIL HAS FINSHED TWO SEGMENTS OF CORRECTION, WAVE A AND B, WHEN WE LOOK AT GRAPH 2 , WAVE B ALMOST IS COMPLETED AT THE SPECIFIC RANGE WHICH IS DEFINED PREVIOUSLY AT $39-$41, SO BREAKING THE $36 LEVEL CONFIRMS THAT B WAVE IN PLACE,BUT IF PRICES REMIN ABOVE 36, IT SUGGESTS OIL GET INTO MORE SIDEWAYS AND B WAVE IS STILL UNFOLDING AS A TRIANGLE
HOWEVER, BREAKING OF 36 PUSH ING OIL PRICES LOWER TO AT LEAST $33 OR EVEN LOWER
I BELIEVE WEAK ECONONMIC GROWTH ACROSS THE GLOBE AND TARDY LABOR MARKET IN THE US IS NOT A GOOD MIXTURE FOR THE ENERGY MARKET
REMEMBER IT WELL:- $36 IS A KEY LEVEL SHOULD NOT BE BROKEN IN THE WEEKS AHEAD
