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Goldman Sachs technical analysis on oil - levels to watch (Elliot Wave)

Discussion in 'Technical Analysis' started by ForexLive, Oct 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Goldman Sachs highlight levels for the oil price, the topside is getting close The Oil market has been in a corrective process since the January low. It's since seen the A and B legs of an incomplete ABC. As is often discussed, it's common for B waves to be more contracted/complex. As such, the market needs to break meaningfully past 52.30 to suggest potential to have started its final C wave advance.

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