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