Brent: Watch it burn
We're currently observing a downwards trend that should turn once the blue wave is completed. Thereupon, Brent should move above the $105.42 resistance into the turquoise target zone between $104.29 - $116.05. After hitting the target zone, Brent should turn and drop below the support at $83.61 directly into the green target zone between $77.10 - $42.16. After crossing the green zone, the green wave [2] should be completed and turn out of the green zone to move above the $83.61 support. Since the anticipated downslope is surely not going to evolve as a straight line, we'll sketch the in-between-movements as the course comes down from the top.
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