Oil Brent - H4Oil Brent
You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward.
The nearest target is at 87.50
What can you expect now?
You can consider entering from current price levels, but reduce the risks . When opening a position, it is best to exit the position from the level of 91.50, if this scenario does not materialize. You should be careful, as this is a correctional formation.
Targets 89.15 - 88.20 - 87.50