WTI Light Crude Oil LongLooking to buy Oil off the low created in December 2023. On the Elliot wave, this is currently the 5th and final wave to the downside according to the theory.
With rate cuts on the horizon and political instability there is a good probability for Oil to begin a new upswing.
Technical Confluences:
Key Level
-38% Fibo extension level (take profit zone)
Elliot wave
Broker IC Markets
Entry- 67.80
SL- 66.90
TP- Open (Partials at 3RR)