Chart of the day

Brent Oil has bounced off the strong familiar support of the 75 level and is extending higher. This bounce could lead to an extension higher to the 100-120 zone.

Only in the case of a break below 76, we can expect a downside continuation and an extension lower to possibly test 60. This could be the beginning of the third Elliott upside wave higher with a huge profitability power

_{You can open a long trade entry with a stop loss just below 72. Short trades you can open upon a confirmed break below 72.}