Market SituationBZ (Brent Oil) is currently moving inside a descending corrective diametric, with price reacting from the lower part of the structure (e) and pushing back toward the mid-range and top of channel (f).
OutlookThe highlighted zone is the key resistant to watch where wave (f) CAN end.
Reaction and its quality to this level can cause a new correction.
Key LevelIf the highlighted zone from $83 to $91 does not reject price due to escalation of war, this analysis needs reviewing. So keep your risk under control.
